U.S. District Judge Araceli Martínez-Olguín delayed approval of a settlement regarding the proposed $110 billion merger of Paramount, Skydance, and Warner Bros. Discovery.
The agreement with 12 state attorneys general was intended to resolve a significant antitrust lawsuit hindering the deal.
This delay allows outside parties, including the Block the Merger coalition, to file amicus briefs formally objecting to the settlement terms.
Judge Martínez-Olguín requested additional information from the involved parties and will not issue a ruling until at least next week.
The court's decision introduces new uncertainty regarding the merger's final closing timeline.