Paramount Skydance/Warner Bros.: Studio Proposes Delaying Closing Until Next Month in Exchange for Decision Before September 30

Paramount Skydance (PSKY) will wait to close its proposed Warner Bros. Discovery (WBD) acquisition until after August 16 if a judge decides on the states’ suit seeking to block the deal before September 30, the date when the company would have to start paying a $7 million-a-day fee, an attorney for the studio said today