U.S. District Judge Araceli Martínez-Olguin has set a trial date for March 2, 2027 for the antitrust lawsuit regarding Paramount‘s acquisition of Warner Bros. Discovery. The trial will conclude by March 19.
On July 13, a dozen attorneys general filed a lawsuit to stop the acquisition of Warner Bros. Discovery by Paramount Skydance. The lawsuit raised antitrust concerns and a decrease of competition. On July 20, a temporary restraining order was granted that prevented the deal from “closing” or “consummating” or taking any steps that would integrate or consolidate the operations. That temporary restraining order was extended an additional two weeks and then on July 24 Paramount agreed to halt its acquisition while the court case played out, possibly to June 2027.
The delay is a big one because if the deal isn’t completed by September 30, the price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. That means this will increase the cost roughly $1.3 billion if the trial goes the entire time.
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Source: Graphic Policy
