WBD and Paramount Skydance merger delayed until after antitrust trial

The Warner Bros. Discovery merger with Paramount Skydance is postponed until after an antitrust trial or by June 1, 2027. Paramount entered a joint stipulation, agreeing not to finalize the $111 billion sale until five days post-trial. This follows a restraining order obtained by a coalition of 12 states arguing the merger violates antitrust laws. Although a hearing scheduled for August 3 was canceled, Paramount is pushing for a timely trial, as a $7 million daily fee could kick in by September 30. The merger's outcome is of interest in wrestling, particularly for AEW, hoping to benefit from a combined streaming platform's wider reach.

• 9:47 PMWrestling Inc — WBD Merger With Paramount Skydance Postponed Until After Antitrust Trial