Paramount-Warner Bros. Discovery Deal Won't Close Before July 22 Amid Oregon Probe

Paramount Skydance told an Oregon court on July 8 its $110 billion acquisition of Warner Bros. Discovery won't close before July 22, as the state's attorney general seeks a 60-day delay tied to an antitrust document probe, while the EU separately pushed its own decision deadline to July 22. A $0.25-per-share "ticking fee" worth roughly $650 million a quarter kicks in if the deal isn't closed by September 30, with a $7 billion termination fee at stake.

Key takeaway: Every additional week of regulatory delay now carries a specific, quantified cost for Paramount, raising the pressure to settle outstanding objections quickly.

Source: thewrap.com