Paramount-Warner Bros deal paused through August 17, judge rules

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July 23, 2026 5:24 PM EDT

FILE PHOTO: The Warner Bros. Water Tower is pictured at Warner Bros. Studios in Burbank on the day it was announced that California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros. Discovery in California, U.S. July 13

By Jody Godoy

July ‌23 (Reuters) - Paramount ​Skydance ​must pause its $110 billion acquisition of Warner Bros. Discovery through August ‌17, a federal judge ruled on ⁠Thursday.

The move gives Paramount Skydance more time to ‌argue against a potential ‌months-long pause while the case plays out. The company has said such a prolonged ​delay would plunge the deal into uncertainty and could cost it more ⁠than $1 billion.

A California-led coalition of states have sued to block ​the deal, saying it would harm competition in film and television, hurting ​theaters and cable companies. ‌The Writers Guild of America has filed a separate lawsuit alleging ⁠the deal would decrease demand for screenwriting work.

U.S. District Judge Araceli Martínez-Olguín in Oakland, California, ⁠previously paused the deal through August 3, when ​she would have held a hearing on whether to postpone the deal's closing for longer.

Paramount has asked ‌for a three-day hearing in August where it can present evidence ‌the deal bolsters competition before the ⁠judge decides on ‌a longer pause.

(Reporting ​by Jody Godoy in New York; Editing by Mark Porter and Deepa ‌Babington)


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