Paramount Skydance and a coalition of state attorneys general reach an agreement to postpone the proposed Warner Bros. Discovery merger as legal challenges proceed. Multiple outlets report that Paramount does not close the $111 billion transaction while the antitrust case against the deal continues, including a requirement that closing wait at least until after an antitrust trial period is completed. Reporting also says the timetable could extend significantly, with one account describing a potential freeze until as late as June 2027 as the court weighs objections to the tie-up. A court filing cited across reports states that Paramount will not consummate the transaction until a specified number of days after a “merits determination” in the relevant matters, or until June 1, 2027, whichever comes first. Some coverage notes that the pause covers the state attorneys general lawsuit, and other reporting links the broader delay timeline to additional challenges, including objections from the Writers Guild of America. The arrangement is presented as a procedural “truce” on timing, rather than a final ruling on whether the merger will be allowed to proceed. The reports also reference that the merger had previously received regulatory approval, and that the legal pause follows court actions and ongoing challenges.