Paramount Skydance (NASDAQ:PSKY) said Friday it has agreed to push back the outside date for its planned purchase of Warner Bros. Discovery (NASDAQ:WBD) to as late as June 2027, as a multistate antitrust fight slows the timetable and increases what it may owe WBD shareholders.
The delay comes days after a coalition of 12 states sued and after U.S. District Judge Araceli Martínez-Olguín issued a temporary restraining order that paused the deal.
