Skydance, Paramount and Warner Bros.
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As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood.
When the US Department of Justice approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery on Friday, a DOJ press release said “a rigorous eight-month investigation led by the [Antitrust] Division’s career staff” showed that the ...
The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.
The $110 billion acquisition of Warner Bros. Discovery WBD by Paramount Skydance Corporation PSKY has reportedly been delayed by a week due to an ongoing investigation by the Oregon attorney general’s office.
A $111 billion merger of Paramount and Warner Brothers Discovery got the green light from the Trump administration, though several states are raising anti-trust concerns. The Trump administration has blessed the union of two rival Hollywood titans.
