Paramount has agreed to delay its proposed merger with Warner Bros. Discovery until June 2027, or until a court resolves a lawsuit blocking the deal. The agreement came in response to legal challenges from state attorneys general and the Writers Guild of America. Under the terms, the $111 billion transaction will not close until five days after an antitrust trial concludes or until the specified date, whichever comes first. The merger has already received regulatory approval, but the lawsuit seeks to block it on antitrust grounds. This freeze is an extraordinary step in the merger process, as it ensures the deal won't be completed while the legal battle continues. The parties involved are awaiting a judge's decision on the matter. The delay allows time for the court to hear the merits of the case before any final action on the merger.