Paramount Skydance agrees to freeze its WBD mega-merger while the antitrust cases are decided

Paramount Skydance has agreed to pause its merger with Warner Bros. Discovery while antitrust cases from 12 US states and the Writers Guild of America are resolved, likely leading to a court battle. The merger freeze will last until five days after the cases are ruled or June 1, 2027, whichever comes first, with both companies' stock prices declining following the announcement.