Paramount will not close Warner Bros deal before July 22 amid Oregon probe
The state says it needs records on lobbying and federal approval before the merger closes, while Paramount says it will not close before July 22.
- A multistate antitrust lawsuit challenging Paramount's $110 billion acquisition of Warner Bros. Discovery could be filed as soon as next week, despite federal regulators clearing the deal last month.
- California Attorney General Rob Bonta is leading a coalition investigating potential antitrust violations, including concerns over Paramount's lobbying of the Trump administration amid broader competition worries.
- Oregon Attorney General Dan Rayfield was in court on Wednesday seeking to enforce a subpoena related to the state's review, with the hearing delayed until Monday.
- Paramount representatives informed the court they will not complete the merger before July 22, while maintaining the transaction creates a stronger global competitor and asserting preparedness to address antitrust concerns.
- Beyond the U.S., Paramount faces regulatory hurdles in the United Kingdom, where Culture Minister Lisa Nandy recently said she was 'minded to intervene,' echoing state-level tactics that stalled Nexstar's Tegna acquisition earlier this year.
26 Articles
26 Articles
US states may sue to block Paramount-Warner Bros merger next week: Report
Several US states are preparing to challenge Paramount's proposed acquisition of Warner Bros. Discovery in court. The move could delay the deal, deepen financial pressure and intensify antitrust scrutiny.
State AGs finalizing antitrust lawsuit over Paramount–Warner Bros. Discovery merger
Lawyers for several states are finalizing an antitrust lawsuit challenging Paramount’s pending acquisition of Warner Bros. Discovery, including CNN, according to people involved in the legal process.
Oregon Attorney General Seeks 60-Day Delay Of Paramount’s Acquisition Of Warner Bros. Discovery
Oregon’s attorney general is asking a judge to delay Paramount’s closing of its proposed acquisition of Warner Bros. Discovery by 60 days, and to order the company to turn over documents related to the merger. A hearing is scheduled for Monday in Multnomah County Circuit Court. The latest legal wrinkle comes as Paramount seeks approval from European regulators. The company has said that it won’t close the deal before July 22, which is the dead…
Paramount Won't Close Warner Bros. Merger Before July 22
Paramount has agreed to not close its pending $110 billion merger before July 22. The updated timeline comes as Oregon AG Dan Rayfield is seeking a court order that would delay the deal from closing for 60 days while the state reviews the David Ellison-led media giant’s records. In a statement, Rayfield’s office claimed that Paramount had previously agreed that it would not close the deal before July 16, but didn’t commit to hold off any longer …
Channel News Asia
US states could sue next week to block Paramount-Warner Bros deal, sources say
July 8 : U.S. states concerned that Paramount's $110 billion acquisition of Warner Bros. Discovery will hurt competition could sue to block the deal as soon as next week, two sources familiar with the matter told Reuters.The sources did not specify the type of competition that the states were concerned about
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