Oregon Attorney General Seeks 60-Day Delay of Paramount-Warner Bros. Merger Over Antitrust Concerns
The Oregon attorney general's office has requested a 60-day delay on the closing of the Paramount-Warner Bros. merger to investigate potential antitrust violations. A hearing is scheduled before Judge Eric Dahlin in Multnomah County Superior Court. While the Department of Justice has approved the merger, a coalition of states including California and New York continues to investigate. Paramount Skydance has indicated it does not intend to close the deal before July 22.
Key quotes
The Oregon attorney general's office has asked a judge to grant a 60-day delay on the closing of the Paramount-Warner Bros. merger, as it continues to investigate whether the deal violates antitrust law.
Though the Department of Justice gave its blessing to the merger last month, a coalition of states — including California and New York — continue to investigate.
Lawyers for Paramount Skydance have informed the court that they do not intend to close the Warner Bros. deal before July 22.
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