Judge Sets Paramount-Warner Bros. Antitrust Trial for March 2027
The judge hearing the antitrust case seeking to block the Paramount-Warner Bros. Discovery merger has issued a preliminary scheduling order, with a trial set to start in March 2027 — considerably later than Paramount was hoping for. Judge Araceli Martinez-Olguin on Tuesday issued a ruling that said the trial will run a total of 12 […]
In a significant legal development, a March 2027 antitrust trial concerning the Paramount-Warner Bros. Discovery merger is set to commence, with an associated financial impact of $1.06 billion. Judge Araceli Martínez-Olguín determined the trial will last 12 days, commencing on March 2 and concluding on March 15, with interruptions on March 8 and 15.
The trial, scheduled to commence at 8:30 a.m. PT, will conclude by 1:30 p.m., featuring two 15-minute intermissions. The trial's implementation will trigger a $110 billion deal's 25 cent per share "ticking fee," beginning October 1, which amounts to approximately $650 million per quarter, or roughly $7 million per day, until the deal's closure.
By the time the trial begins, David Ellison will be obligated to pay at least $1 billion in ticking fees. Paramount spokesperson expressed respect for the court's decision, reaffirming their belief in the transaction's lawful and pro-competitive nature, and pledged to defend the transaction vigorously.
Written by urgent.news from TheWrap's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
