Oregon’s attorney general has withdrawn a court motion to delay Paramount Skydance’s $110 billion bid to acquire Warner Bros. Discovery. The state’s Department of Justice said Paramount made it clear they would not comply with the investigative demand, and the agency is now considering its next steps. A Paramount spokesperson welcomed the withdrawal, calling the deal lawful and pro-competitive. However, regulatory hurdles remain, with Reuters reporting that multiple U.S. states, including California, are preparing to sue to block the merger on antitrust grounds.
Paramount Skydance Corporation Class B Common StockOregon withdrew its motion to delay the bid, reducing a regulatory obstacle.
Warner Bros Discovery IncMultiple states are preparing to sue to block the merger on antitrust grounds.