July 10 (Reuters) - The Oregon attorney general's office
said on Friday it has withdrawn its court motion to delay
Paramount's proposed $110 billion acquisition of Warner
Bros.
"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 Department of Justice said in a
statement to Reuters.
"We've withdrawn the motion to consider our next steps," the
statement added.
Oregon Attorney General Dan Rayfield's office earlier this
week asked a court in Multnomah County to order the company to
hand over records and delay the deal by 60 days so the state
can review them, and said Paramount agreed not to close the
transaction before July 22 amid the state's review.
Oregon is seeking documents regarding "Project Warrior,"
which was Paramount's internal code name for efforts to obtain
regulatory clearance. The state is also asking for records
related to the company's efforts to lobby the Trump
administration for support of the merger.
"We are pleased that the Oregon Attorney General has
withdrawn its motion to delay this transaction," a Paramount
spokesperson said in a statement to Reuters, calling the merger
"lawful" and "pro-competitive."
The deal, which would combine two of Hollywood's four major
studios, has drawn criticism from actors, writers and others in
Hollywood who fear job losses. It also faces scrutiny from other
U.S. states, which could sue to block the acquisition as early
as next week over competition concerns, Reuters has reported.