Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge

Jakub Porzycki | Nurphoto | Getty ImagesParamount Skydance has agreed to delay its proposed acquisition of Warner Bros. Discovery to as late as June 2027 — a multi-month delay that will ultimately raise the deal price — as the tie-up faces a legal challenge.In a statement Friday, Paramount called the agreement a "significant win.""The result is exactly what we have sought from the outset: a direct path to a trial based on the evidence. This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators, a conclusion dozens of competition authorities around the world have already reached," the company said. "Plaintiffs' market definitions bear no relationship to the realities of today's marketplace and cannot withstand scrut