Paramount Skydance agrees to freeze its WBD mega-merger while the antitrust cases are decided

Source: Business Insider

Gilbert Flores/Variety via Getty Images; Mario Tama/Getty ImagesParamount Skydance has agreed to pause its mega-merger with Warner Bros. Discovery until five days after the antitrust cases are ruled on, or until June 1, 2027, whichever comes sooner, the company said on Friday. "Today's agreement is a significant win because the result is exactly what we have sought from the outset: a direct path to a trial based on the evidence," a Paramount spokesperson said in a statement.