Paramount-Warner Bros Deal Faces 60-Day Pause Request From Oregon Attorney-General
Paramount's (PSKY) $110 billion bid to acquire Warner Bros (WBD) is facing a new hurdle after Oregon Attorney General Dan Rayfield said he will ask a local court to pause the merger for 60 days, Rayfield said the company withheld records tied to its lobbying efforts and will petition a Multnomah County court to order Paramount to turn over those records. A Paramount spokesperson said, as per the report, the information sought by Oregon is unrelated to antitrust compliance and "not a legitimate basis" to delay the transaction. Paramount and Warner Bros did not immediately respond to ' requests for comment.
Paramount's (PSKY) $110 billion bid to acquire Warner Bros (WBD) is facing a new hurdle after Oregon Attorney General Dan Rayfield said he will ask a local court to pause the merger for 60 days, Rayfield said the company withheld records tied to its lobbying efforts and will petition a Multnomah County court to order Paramount to turn over those records.
A Paramount spokesperson said, as per the report, the information sought by Oregon is unrelated to antitrust compliance and "not a legitimate basis" to delay the transaction.
Paramount and Warner Bros did not immediately respond to ' requests for comment.