Paramount will not close its Warner Bros deal before July 22 amid Oregon probe

July 9, 2026 9:29 AM

Paramount will not close its Warner Bros deal before July 22 amid Oregon probe

Paramount has said it will not close its $110 billion acquisition of Warner Bros before July 22, the Oregon attorney general's office said on Wednesday, pushing out the timeline for the deal's closure by an additional week. Oregon Attorney General Dan Rayfield's office asked a court in Multnomah County on Wednesday to order the company to hand over records ​and delay the deal by 60 days so the state can review them. Paramount had previously told Oregon that it would not close the deal before...

Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump

February 27, 2026 10:08 AM

Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump

Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery WBD.O, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio. "We've always been disciplined, and at the price required to match Paramount Skydance's latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid," Netflix said in a statement. Netflix confirmed to Reuters that it w...