Closing Timeline Extended Pending Regulatory ReviewParamount (NASDAQ:PSKY) has confirmed that it will not complete its proposed $110 billion acquisition of Warner Bros (NASDAQ:WBD) before 22 July, extending the expected closing timeline by at least another week as Oregon authorities continue reviewing the transaction.

Oregon’s attorney general has dropped a civil investigative demand for Paramount to turn over records related to its efforts to secure federal approval for its merger with Warner Bros. Discovery, the company said on Friday.

Multiple state attorneys general are expected to file a lawsuit challenging the merger between Paramount Skydance and Warner Bros. Discovery, David Faber reports.

Oregon Attorney General Dan Rayfield has withdrawn the state's records request and motion to delay the closing of the $110 billion Paramount-Warner Bros. Discovery merger, according to a filing with the Multnomah County Court on Friday.

Oregon’s attorney general is asking a judge to delay Paramount’s closing of its proposed acquisition of Warner Bros. Discovery by 60 days, and to order the company to turn over documents related to the merger.

Paramount Skydance (PSKY) gained after the media giant released its first-quarter earnings report. Revenue was higher in the direct-to-consumer segment (up 11% to $2.4B) and studios (+11% to $1.28B) segment, while falling in the TV media segment (-6% to $3.67B

Paramount Skydance (PSKY) officially won the bidding war to acquire Warner Bros. Discovery (WBD) after Netflix (NFLX) declined to raise its offer. LightShed Partners media and technology analyst Rich Greenfield sits down with Morning Brief host Julie Hyman ...