State’s decision removes a key regulatory hurdle for the proposed merger between Paramount Skydance and Warner Bros. Discovery.
Paramount Skydance’s $110 billion bid to acquire Warner Bros. Discovery cleared a significant obstacle after Oregon’s attorney general dropped a court motion seeking to delay the merger. The withdrawal reduces legal pressure on the deal, which has faced scrutiny over antitrust concerns.
The motion was part of broader state-level opposition to the transaction, though federal regulators have not yet weighed in. Analysts had viewed Oregon’s challenge as a potential roadblock, given its influence in past media mergers. The deal remains subject to shareholder and regulatory approval.
Shares of Warner Bros. Discovery (WBD) edged higher in after-hours trading following the news, while Paramount Skydance (PSKY) saw modest gains.