A stipulation with 12 states and the Writers Guild, and $650 million a quarter from October; the U.S. argues a 27% share and an HHI of 2,074 while Korean ownership review has no competition criterion

Paramount Skydance has agreed to hold off completing its $111 billion acquisition of Warner Bros. Discovery (WBD) until an antitrust trial is decided, under a stipulation with 12 state attorneys general and the Writers Guild of America. The company will absorb roughly $650 million a quarter in delay costs from October in exchange for skipping the preliminary stage and pulling a merits ruling forward.

[종합]파라마운트, 워너 합병 ‘재판 직행’ 승부수…한국 미디어 인수 합병 심사엔 시장 계산이 없다
파라마운트–워너 합병 미국 반독점 재판에 직행. 글로벌 플랫폼에 맞설 한국 미디어의 규모화와 심사 기준에도 질문 던져.
K엔터테크허브 (K-EnterTech Hub)Jung Han

The $111 billion transaction that would redraw Hollywood is now tied to a court calendar. Paramount Skydance's acquisition of Warner Bros. Discovery (WBD) cannot close before June 2027. On July 24 the company filed a Stipulation and [Proposed] Order Not to Close in the Oakland Division of the U.S. District Court for the Northern District of California.