Story
Paramount Delays Closing of Warner Bros. Merger Amid Oregon Probe
Text size
Background
Paramount will not close its proposed $110 billion acquisition of Warner Bros. before July 22, according to a statement from the Oregon attorney general's office. The announcement, made on Monday, confirms a delay in the timeline for the major media merger.
The new date pushes the deal's potential closure back by an additional week. This extension is reportedly related to a probe being conducted by authorities in Oregon regarding the acquisition.
Details concerning the specific nature or scope of the state-level investigation have not been made public. The delay indicates that regulatory review is ongoing before the two media giants can finalize their combination.