Markets & Finance

A temporary restraining order obtained by California and 11 other state attorneys general is blocking the $110 billion Paramount acquisition of Warner Bros. Discovery, with a contractual ticking fee of approximately $7 million per day set to begin accruing after September 30, 2026. The states are seeking structural remedies such as divestitures, while Paramount has offered behavioral commitments including theatrical release guarantees. A court-ordered settlement conference is scheduled for October 14–15, though no agreement has been reached as of September 19.