Paramount agrees to delay closing Warner Bros. buyout for months as judge weighs challenge

Paramount has agreed to delay closing its planned Warner Bros. Discovery acquisition for months while a judge reviews a legal challenge brought by U.S. states alleging the merger would violate antitrust laws. The pause follows a temporary restraining order that halted progress earlier as the court considered arguments and set dates for further proceedings. The deal’s timing depends on whether the judge grants a preliminary injunction that could extend the freeze, potentially delaying the transaction well beyond the originally targeted closing window.