Oregon’s attorney general’s office withdrew its court motion Friday seeking to delay Paramount Skydance‘s (NASDAQ:PSKY) $110 billion acquisition of Warner Bros Discovery (NASDAQ:WBD) as it reviews its next move.
Records Dispute Fuels Standoff
“Paramount made it clear that they weren’t going to comply with the investigative demand, and that they think they’re above the law. We’re not going to let them waste Oregonians’ resources on these games,” Oregon’s Department of Justice said in a statement to Reuters.
On Wednesday, the state had asked a Multnomah County court to force Paramount to hand over documents and push back the deal by 60 days.
The department added that it withdrew the motion “to consider our next steps.”
