Paramount Warner Bros. Antitrust Trial Set for March 2027 With 7 Million Dollar Daily Fee Starting October 1
Judge Araceli Martínez-Olguín has scheduled a 12-court-day antitrust trial from March 2 through March 19, 2027, for the proposed Paramount and Warner Bros. Discovery merger, while a July 24 stipulation bars the deal from closing before a merits ruling or June 1, 2027. Beginning October 1, when the merger agreement's original End Date expires, WBD shareholders are entitled to approximately $0.00277778 per share per calendar day, which press estimates place at roughly $7 million daily and a potential $1.7 billion total through May 31, 2027. Separately, SEC filings describe a conditional $7 billion Paramount regulatory termination fee and a $3 billion WBD termination fee under specified circumstances, though available filings do not establish these figures are cumulative with the ticking fees.