Paramount will not close Warner Bros deal before July 22 amid Oregon probe
The state says it needs more records on lobbying and DOJ approval before the $110 billion merger closes, citing antitrust concerns.
- 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.
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36 Articles
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = Paramount Skydance (hereinafter Paramount) and Warner Bros. ..., considered the biggest point of interest in the global film and media industry...
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.
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 …
Oregon attorney general launches legal attack on the Paramount/Warner Bros. merger
Regulators at both state and national levels have been giving Paramount’s attempted purchase of its old rival Warner Bros. side-eye for months at this point. (Not the United States Department Of Justice, mind you; there, approvals floated along happy as a cloud.) And while the deal is currently gearing up for scrutiny from international regulators—specifically over in Europe, where it’s currently facing a July 22 review by the European Commissio…
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