Paramount delays WBD acquisition deadline until June 2027

Paramount Skydance has agreed to push back the deadline for its proposed acquisition of Warner Bros. Discovery until as late as June 2027. The delay comes as the deal faces a legal challenge and will also increase the transaction price over time. In a statement, Paramount described the extension as a positive step and said it wanted a trial based on evidence. The company argued that the merger would support competition, consumers, and creators, and said regulators in many countries have already reached similar conclusions. The dispute adds another layer of uncertainty to a closely watched media deal involving two major entertainment companies. Paramount said it is prepared to present its case in court.