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Paramount’s Deal for Warner Bros. Is Cleared by US DOJ
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The US Justice Department has closed an antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., saying the deal “is not likely” to hurt consumers or competition in the film and television industry.
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Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery
The decision paves the way for a proposed $111 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.
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Paramount-Warner Brothers merger gets Justice Department approval
The Justice Department closed its investigation into the proposed $110 billion merger of Paramount and Warner Brothers Discovery, saying it found no threat to competition or consumers.
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Warner Bros $111bn sale to Paramount approved by US Justice Department
The approval marks a key development in the merger that will reshape media, allowing the continue of the takeover of the Hollywood studio, which owns CNN and HBO.
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CNN's Kaitlan Collins in the crosshairs after Trump DOJ decision: strategist
Paramount Skydance's greenlight to purchase Warner Bros. Discovery will lead to a major shakeup at CNN, warned a political strategist.The upheaval coming for CNN will make recent events at CBS look like peanuts, political strategist Chai Komanduri said on MS NOW. While Paramount awaited approval from the Trump administration for the Warner Bros. deal, CBS ended "The Late Show with Stephen Colbert" and ousted a slew of "60 Minutes" anchors and producers."Now, if you can replicate that on CNN, and you can diminish and downsize the voices in opposition to Trump or the criticism of moves of the administration, that gives Trump a lot more power," Komanduri said. "The stories that we have heard out of CBS News will be peanuts compared to the stories that will probably come out from CNN."He warned Kaitlan Collins, the CNN correspondent who has been the target of Trump attacks, and said the Trump administration is "very much interested in who gets to be the CNN White House correspondent."The Trump Department of Justice gave Paramount CEO and MAGA ally David Ellison the thumbs-up to acquire Warner Bros. for $110 billion. One of the most notable Warner Bros. properties is CNN, along with streaming services like HBO Max and Paramount+, and the Warner Bros. movie studio, MS NOW anchor Ari Melber noted.Komanduri added, "One thing Trump wanted was control of CNN," and "that was his entire interest in the deal. Donald Trump and the DOJ weren't interested in who was going to be the next Batman."
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Justice Department approves Paramount bid to acquire Warner Bros.
The Department of Justice (DOJ) has approved Paramount’s $110 billion bid to acquire Warner Bros. Discovery, according to the DOJ’s Antitrust Division, clearing a key regulatory hurdle for the merger between the two global entertainment giants. A DOJ analysis determined that the transaction “is not likely to result in harm to competition or American consumers”…
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Politics - CBSNews.com
DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.
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