Skydance-owned Paramount has agreed to delay closing its $81 billion buyout of Warner Bros. Discovery well into next year. The move comes as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. In a court filing, Paramount said it wouldn’t close the merger until a court ruling on the merits of the lawsuit or June 1, 2027. Just days ago, U.S. District Judge Araceli Martínez-Olguín granted a temporary restraining order requested by the states to freeze the transaction for several weeks. The states allege the merger would “extinguish competition” in Hollywood and lead to fewer choices for consumers.