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Paramount Skydance and Warner Bros. Discovery: date from which a ticking-fee dividend is owed if the merger has not closed

Paramount is buying WBD at $31 a share. The regulators are done — DOJ cleared it on 12 June, the EU on 23 July and the UK's CMA on 6 August 2026 — and the last obstacle is the twelve-state attorneys-general antitrust suit, on trial 2-19 March 2027. Every quarter of delay past Q3 2026 costs $0.25 a share.

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