Paramount still plans to close WBD merger by end of September despite lawsuit

Paramount reiterated that it is still targeting closure of its acquisition of Warner Bros. Discovery by late September, despite a lawsuit challenge by state attorneys general. The continued progress suggests the deal is not yet derailed, but the legal overhang maintains near-term deal risk for both companies.

Analysis

Paramount reiterated that it is still targeting closure of its acquisition of Warner Bros. Discovery by late September, despite a lawsuit challenge by state attorneys general. The continued progress suggests the deal is not yet derailed, but the legal overhang maintains near-term deal risk for both companies.