Paramount agreed Friday to delay its planned $81 billion merger with Warner Brothers Discovery until next June or until the merits of a lawsuit against the merger are resolved.
The move comes after a federal judge paused the merger Monday until Aug. 17 to allow the lawsuit from state attorneys general more time to move through the court system.
Twelve states, led by California, have sued to block the merger, alleging that it would "extinguish competition" in Hollywood and reduce choices for consumers.
