Oregon Drops Motion to Delay Paramount-Warner Bros Deal
The state also dropped records demands as the $111 billion deal faces antitrust scrutiny from several U.S. states and overseas regulators.
- On Friday, the Oregon attorney general's office withdrew its court motion to delay the $110 billion Paramount-Warner Bros. merger, according to a filing in Multnomah County Circuit Court in Portland, Ore.
- Oregon Attorney General Dan Rayfield sought documents regarding "Project Warrior," Paramount's internal code name for lobbying efforts, requesting a 60-day delay that Paramount opposed as imposing "disproportionate" burdens.
- A Paramount spokesperson said the company was pleased with the withdrawal, calling the merger "lawful" and "pro-competitive," while the company's legal team argued that lobbying activities are irrelevant to antitrust law violations.
- The Oregon Department of Justice stated it withdrew the motion "to consider our next steps," signaling the state may continue investigating after alleging Paramount refused to comply with investigative demands.
- Other states, including California, continue investigating the deal amid competition concerns, with California Attorney General Rob Bonta and other officials potentially suing to block the acquisition as early as next week.
19 Articles
19 Articles
Oregon’s Attorney General withdraws effort to delay Paramount and Warner Bros. merger
Oregon Attorney General Dan Rayfield had been seeking documents from Paramount related to its takeover of Warner Bros. Discovery. Rayfield also asked a state circuit court judge to delay the closing of the deal by 60 days so that his office could review the documents. But according to Deadline and Variety, he's now dropped his civil investigative demand for the records. Obviously, Paramount is pleased with Rayfield's decision to withdraw his req…
Paramount-WBD Merger: Oregon AG Withdraws Records Request, Motion to Delay to 'Consider Next Steps'
Oregon Attorney General Dan Rayfield has withdrawn the state’s records request and motion to delay the closing of the $110 billion Paramount-Warner Bros. Discovery merger, according to a filing with the Multnomah County Court on Friday. The state has been investigating the transaction since it was first announced in February and claimed that Paramount had not complied with a records request that was sent to the company in June. That request aske…
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