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Paramount’s Bid For Warner Bros Passes US Antitrust Hurdle

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“Paramount Skydance’s $108bn bid to gatecrash Netflix’s deal for Warner Bros Discovery has cleared a key US antitrust hurdle, in a signal of support from the Trump administration,” the Financial Times report. 

“The media group, whose bid is bankrolled by Oracle billionaire and Donald Trump donor Larry Ellison, said on Friday that its deal had complied with the US Department of Justice’s second request review process, removing a critical impediment to US regulatory approval. By allowing the 10-day statutory waiting period to elapse under the Hart-Scott-Rodino Act’s second request process, the DoJ is in effect waving through the Paramount deal on antitrust grounds.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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