Paramount has announced a delay in its $111 billion acquisition of Warner Bros. Discovery. The company will incur costs of $650 million for each quarter the deal remains unclosed, starting from October.
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Paramount Delays $111 Billion Deal with Warner Bros.
Paramount has postponed its acquisition of Warner Bros. Discovery, which is valued at $111 billion. The delay will result in a financial penalty of $650 million for each quarter the deal does not close, beginning in October.
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Warner Bros. Discovery
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Why Paramount Paused Its Blockbuster $111 Billion Deal for Warner Bros.
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Paramount Delays $111 Billion Deal with Warner Bros.