Antitrust Trial over Paramount-Warner Merger Set for March
Dow Jones
Aug 05
Paramount will have to wait until March 2027 to face off in court against the dozen states opposing its $81 billion takeover of Warner Bros. Discovery.
A California federal judge said Tuesday that the antitrust trial will begin March 2 with an expectation that it will run for 12 court days.
The timeline the judge laid out in a written order is much later than the November 2026 start date Paramount had sought. California Attorney General Rob Bonta had petitioned for an April 2027 start.
The order will prove costly for Paramount. Its agreement with Warner includes a "ticking fee" with payments to Warner shareholders of roughly $650 million a quarter, beginning this October, until the transaction closes.
Updates to follow as news develops.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.