Paramount maintains that it is on track to close its proposed acquisition of Warner Bros. Discovery by the end of September, even after a multistate antitrust lawsuit. CNBC and Deadline report that state attorneys general from California, New York, and 10 other states filed the lawsuit challenging the merger. Paramount’s lead trial counsel, Jeffrey Kessler, says the company’s plan remains to complete the deal on time. Deadline adds that the parties are also pursuing additional legal steps, including a potential Supreme Court appeal, indicating the dispute could continue beyond the target closing date. While the lawsuit seeks to block or delay the transaction, Paramount argues that the merger schedule can proceed. The reports agree that the central issue is whether the merger faces enough legal obstacles from the states’ antitrust claims to prevent closing by late September. Overall, the coverage reflects ongoing uncertainty in the timing and legal path of the deal, but Paramount continues to project a late-September closing rather than a delay.
Paramount says it still expects to close WBD merger by end of September
Paramount maintains that it is on track to close its proposed acquisition of Warner Bros. Discovery by the end of September, even after a multistate antitrust lawsuit. CNBC and Deadline report that st...
- Paramount is pursuing the acquisition of Warner Bros. Discovery.
- A lawsuit filed by state attorneys general challenges the merger’s antitrust legality.
- The plaintiffs include attorneys general from California and New York, along with 10 other states.
- Paramount’s lawyer says the company still expects the merger to close by late September.
- Legal proceedings may continue, with a Supreme Court appeal described as a possibility.
Despite Monday’s antitrust lawsuit by the attorneys general of California, New York and 10 other states, Paramount lawyer Jeffrey Kessler says the Warner Bros. Discovery merger can still close on time. “The plan is still to close this quarter before the end of September,” the company’s lead trial counsel told CNBC host David Faber. The […]
4 hours agoParamount is still planning for its acquisition of Warner Bros. Discovery to close by late September despite lawsuit challenge from state attorneys general.
10 hours ago
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