DOJ Antitrust Division Clears $111 Billion Paramount-Warner Bros. Discovery Merger Without Conditions
By
Todd Spangler
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
The DOJ Antitrust Division has approved David Ellison's Paramount Skydance merger with Warner Bros. Discovery, valued at $111 billion, without requiring any divestitures, behavioral remedies, or concessions. After an extensive review, officials determined the transaction did not pose a threat to competition.
Key quotes
· 2 pulledDOJ officials determined the transaction did not pose a threat to competition and declined to challenge it
The agency is giving the green light to the Paramount-WBD tie-up without requiring 'any divestitures, behavioral remedies or concessions'
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