In a court filing, Paramount said it wouldn't close the merger until either a court ruling is made on the merits of the states' lawsuit or June 1, 2027.
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In a court filing, Paramount said it wouldn't close the merger until either a court ruling is made on the merits of the states' lawsuit or June 1, 2027.
In a court filing, Paramount said it wouldn't close the merger until either a court ruling is made on the merits of the states' lawsuit or June 1, 2027. The delay, filed in court on Friday, can cost Paramount $1.7bn in fees if the deal is not closed by next June.
PBS NewsHour reported the story as "Paramount will delay closing Warner buyout for months while judge considers states' challenge."
2 sources have covered this story, including PBS NewsHour and Al Jazeera English. The earliest reporting in the cluster landed about 22 hours ago.
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[01] VerifiedCore event reported by 2 independent outlets across the spectrum.
[02] DisputedKey facts present in mainstream desks; corroboration thin from wires.
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