Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros.

New York Times Sunday 26 July 2026, 21:04 UTC By Lauren Hirsch, David McCabe and Benjamin Mullin 1 min read

Key Points

A prolonged delay will be costly for Paramount, which has agreed to pay Warner Bros. Discovery shareholders $650 million for every quarter the deal doesn’t close, beginning in October.

A prolonged delay will be costly for Paramount, which has agreed to pay Warner Bros. Discovery shareholders $650 million for every quarter the deal doesn’t close, beginning in October. [Image text:] Paramount Pictures MELROSE GATE

Paramount (ORG) Warner Bros. (ORG) Warner Bros. Discovery (ORG)

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