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Paramount holds September close target for Warner Bros. Discovery deal despite state AG lawsuit

NEW YORK, July 17. Paramount Global is still targeting a late-September close for its acquisition of Warner Bros. Discovery, the company said, even as state attorneys general pursue a lawsuit challenging the transaction. The filing has not moved Paramount's stated timeline.

By Julian Merrick2 min read
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Key takeaways

  • Paramount Global is still targeting a late-September close for its acquisition of Warner Bros. Discovery.
  • State attorneys general have filed a lawsuit challenging the proposed Paramount–Warner Bros. Discovery combination.
  • Paramount says the litigation has not changed its plans or timeline for the deal.
  • The attorneys general lawsuit is the active legal obstacle as the company moves toward closing.
  • Paramount has not disclosed a revised timeline or signaled the suit will push the deal past September.

NEW YORK, July 17. Paramount Global is still targeting a late-September close for its acquisition of Warner Bros. Discovery, the company said, even as state attorneys general pursue a lawsuit challenging the transaction. The filing has not moved Paramount's stated timeline.

State attorneys general file suit

State attorneys general have filed a lawsuit challenging the proposed combination of Paramount and Warner Bros. Discovery. The suit represents an active legal contest running alongside the deal's final weeks.

Paramount said the litigation has not changed its plans. The company is still working toward a close by the end of September, according to its communications around the transaction.

Close target stands at late September

The late September date is Paramount's stated position. The attorneys general lawsuit is the active legal obstacle as the company moves toward that close. Paramount has not disclosed a revised timeline or signaled that the suit is expected to push the deal past September.

Source is thin on specifics. Per house rules, this piece does not reach 350 words rather than pad with invented detail.

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Frequently asked

When does Paramount expect to close the Warner Bros. Discovery deal?

Paramount is targeting a close by the end of September, or late September.

Who is suing to challenge the deal?

State attorneys general have filed a lawsuit challenging the proposed combination of Paramount and Warner Bros. Discovery.

Has the lawsuit changed Paramount's plans?

No, Paramount said the litigation has not changed its plans and it is still working toward a late-September close.

Has Paramount announced a revised timeline because of the suit?

No, Paramount has not disclosed a revised timeline or signaled that the suit is expected to push the deal past September.