Oregon D.A. Drops Motion to Delay Paramount-Warner Bros. Merger
The Oregon attorney general’s office has withdrawn its motion to delay the closing of the Paramount-Warner Bros. The deal could close as soon as July 22,...
Key points
- The Oregon attorney general’s office has withdrawn its motion to delay the closing of the Paramount-Warner Bros.
- The deal could close as soon as July 22, though several states, including Oregon and California, are investigating whether the $111 billion transaction violates their antitrust laws.
- Dan Rayfield, the Oregon attorney general, asked a court on Wednesday to extend the closing date by 60 days, arguing that his office needed more time to investigate because Paramount Skydance had not been responsive to records requests.
- Rayfield’s office also withdrew its demand for records regarding “Project Warrior” — the code name for the effort to win regulatory approval of the deal.
What happened
The Oregon attorney general’s office has withdrawn its motion to delay the closing of the Paramount-Warner Bros. The deal could close as soon as July 22, though several states, including Oregon and California, are investigating whether the $111 billion transaction violates their antitrust laws. Dan Rayfield, the Oregon attorney general, asked a court on Wednesday to extend the closing date by 60 days, arguing that his office needed more time to investigate because Paramount Skydance had not been responsive to records requests. Rayfield’s office also withdrew its demand for records regarding “Project Warrior” — the code name for the effort to win regulatory approval of the deal. “We are pleased that the Oregon Attorney General has withdrawn its motion to delay this transaction,” a company spokesperson said. “It was the right decision and avoids an unwarranted effort to delay a lawful, pro-competitive merger.” The Oregon attorney general’s office did not immediately respond to a request for comment.
Related on this blog
- Donald Iwerks, Disney Camera Technician and Co-Founder of Iwerks Entertainment, Dies at 96
- Netflix’s ‘Little House on the Prairie’ Writer on Landing Fan Favorite From Original Series for That Scary Cameo
- ‘Star City’ Finale: Creators Explain Why They Couldn’t Resist Rewriting Their Own Alt-Space History by Going to Venus and Killing Off [SPOILER]