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Paramount Skydance merger frozen, 12 states sue, fee threat

7/28/2026

43 10 Full Breakdown

Summary

Story summary

Paramount Skydance froze its $110 billion Warner Bros. Discovery merger until June 1 2027 pending Judge Araceli Martínez-Olguín’s antitrust review.
Twelve state attorneys general, led by California Attorney General Rob Bonta, sued on July 13 alleging a Section 7 Clayton Act violation.
Paramount says the suit is “wrong on both the facts and the law”.
Paramount warns a 25-cent-per-share “ticking fee” if the merger misses the September 30 deadline.

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Story summary

Paramount Skydance froze its $110 billion Warner Bros. Discovery merger until June 1 2027 pending Judge Araceli Martínez-Olguín’s antitrust review.
Twelve state attorneys general, led by California Attorney General Rob Bonta, sued on July 13 alleging a Section 7 Clayton Act violation.
Paramount says the suit is “wrong on both the facts and the law”.
Paramount warns a 25-cent-per-share “ticking fee” if the merger misses the September 30 deadline.