NewsSOS
merger is on hold until as late as June 2027, the two media groups disclosed, after states filed suit to block the transaction. A court is now weighing their objections to the tie-up.
States' suit forces a freeze States moved to block the deal by filing suit, and a court has taken up the challenge. agreed to halt the merger's progress while proceedings run.
The freeze extends to June 2027 at the latest. The merger agreement itself remains in force. Neither company indicated the case would conclude before that date.
Deal awaits court decision The two companies agreed to an extensive delay. June 2027 is the outer boundary both sides accepted. How the court rules on the states' objections will determine whether the combination closes.
Keep reading