Paramount’s Bid For Warner Bros Passes US Antitrust Hurdle

“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.”