The Merger Delay: A Ticking Clock for Hollywood's Biggest Deal The Paramount Warner Bros. Discovery merger has been put on hold until June 7th, but the real drama is only just beginning.
Behind the scenes of this high stakes game, two billion dollar companies are engaged in a battle with regulators and state attorneys general who aim to block the deal.
Paramount's decision to halt its merger plans was likely driven by the company's fear of losing an upcoming court hearing on August 3rd.