The two companies agreed not to complete the $110 billion deal until five days after the antitrust trial or June 1, 2027. The freeze follows a federal court ruling this week to re-examine the merger after a petition by 12 US states.
The mega-merger between Paramount and Warner Bros, valued at $110 billion, has been officially frozen by agreement of the two companies. The freeze will last until at least five days after the conclusion of the antitrust trial, or until June 1, 2027, whichever comes first. The agreement comes after a federal court this week ordered a re-examination of the deal following a petition by 12 US states.
The development adds a new layer of uncertainty to the proposed merger, which was approved without conditions by the US Department of Justice in June. The Zioneer previously reported that a federal judge issued a temporary restraining order on July 20, blocking the merger for 14 days. The current freeze supersedes that order.
The antitrust trial is ongoing, and the outcome will determine whether the merger can proceed. The two companies have stated they will not close the deal until the legal process is fully resolved.
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