DOJ Leadership Cleared Paramount-Warner Bros. Merger Before Antitrust Lawyers Could Recommend Blocking It
By
Todd Spangler
Summary
Senior Justice Department officials cleared Paramount's $111 billion takeover of Warner Bros. Discovery before the career lawyers investigating the deal could issue their recommendation. The antitrust lawyers were reportedly leaning toward recommending a lawsuit to block the merger, but DOJ leadership closed the investigation prematurely, surprising the legal team. This raises questions about political influence over antitrust enforcement in a major media consolidation deal.
Source
VarietyDOJ Leadership Cleared Paramount-Warner Bros. Merger Before Antitrust Lawyers Could Recommend Blocking Itvariety.comKey quotes
· 3 pulledSenior officials at the Justice Department moved to close out the antitrust investigation into Paramount's $111 billion takeover of Warner Bros. Discovery before the team of lawyers investigating the matter could issue a recommendation
The career lawyers in the DOJ's Antitrust Division had been 'leaning' toward advising that the department should file a lawsuit seeking to block the merger
The American people need to know if this merger was appro
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