DOJ approves Paramount Skydance's acquisition of Warner Bros. Discovery
By
Lillian Rizzo, Julia Boorstin
Warm and crisp on the edges. A bagel with a bit of bite.
Summary
The U.S. Department of Justice has approved Paramount Skydance's proposed acquisition of Warner Bros. Discovery, according to a source familiar with the matter. While the DOJ has given the greenlight, the deal could still face legal challenges from state attorneys general, including California's Rob Bonta. Paramount CEO David Ellison stated during the company's April earnings call that the deal is on track to close by September.
Key quotes
· 2 pulledThe U.S. Department of Justice has signed off on Paramount Skydance's proposed acquisition of Warner Bros. Discovery, a person familiar with the matter told CNBC Friday.
Paramount CEO David Ellison told investors during the company's April earnings call that the deal was on track to close by September.
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