Paramount, Justice Department and Warner Bros.
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The Department of Justice has approved Paramount’s $111 billion purchase of Warner Bros Discovery. A very early birthday present to CEO David Ellison, the anticipated sign-off by the Para-friendly Trump administration has been confirmed to Deadline by multiple sources.
A coalition of state attorneys general led by California is preparing a lawsuit to challenge the merger.
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Schumer accuses Trump's DOJ of 'political manipulation' after it approves $111B Paramount-WBD merger
Chuck Schumer argued that the merger aims to diminish free speech and concentrate the airwaves around Trump’s point of view
The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.
The Justice Department said that it concluded that Paramount‘s proposed acquisition of Warner Bros. Discovery was “not likely to result in harm to competition or American consumers,” citing their review of the streaming,
The Justice Department said it determined that the massive merger was “not likely to result in harm to competition or American consumers.”
Bill Baer, who led the Justice Department’s antitrust division under President Barack Obama, said the department’s statement “will offer Paramount a federal government stamp of approval on the arguments they will no doubt make if there is a challenge by the states or by private plaintiffs.”
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood
The Department of Justice said the proposed merger between Paramount Skydance and Warner Bros. Discovery does not threaten competition in the U.S.
But the lawyer once shared by the executive and rival R.J Cipriani allegedly offered her own money to end the dispute.
European Union regulators are studying Paramount Skydance’s prospective takeover of Warner Bros. Discovery
