Oregon Attorney General Drops Motion to Delay Paramount-Warner Bros. Merger
Summary
Oregon has withdrawn its court motion that sought to delay the closing of the $111 billion Paramount-Warner Bros. merger. The deal could now close as soon as July 22 even as multiple states, including Oregon and California, continue investigating potential antitrust issues.
Why it matters
Dropping the delay bid accelerates the largest media tie-up toward closing, tightening negotiating leverage across the entertainment supply chain.