Paramount agrees to pause Warner Bros deal while case plays out

Paramount Skydance on Friday agreed to pause its acquisition of Warner Bros. Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.

The agreement pausing the deal until next ‌June, at ⁠the ⁠latest, trims a few weeks off the case schedule. But ​it also comes with a price.

Paramount could owe as much as $1.7 billion in ticking fees to Warner Bros. shareholders if the deal is delayed until then. The fee costs $7 million a day if the merger ⁠does not ‌close by September 30.