Paramount Says Regulatory Waiting Period for Warner Bid Ends
Market Intelligence Analysis
AI-PoweredParamount Skydance has cleared a US antitrust hurdle in its proposed $77.9 billion acquisition of Warner Bros. Discovery Inc., with the regulatory waiting period expiring on Thursday.
Market impact analysis based on bullish sentiment with 85% confidence.
Article Context
Paramount Skydance said it has “no statutory impediment” in the US to closing its proposed $77.9 billion acquisition of Warner Bros. Discovery Inc. after clearing a US antitrust hurdle. Paramount said Friday it has complied with the US Justice Department’s second-request review process under the Hart-Scott-Rodino Act and that a 10-day waiting period expired on Thursday. The expiration of a waiting period doesn’t tacitly imply that regulators are on board with a deal. The department in the past has sued to block mergers after the waiting period passed. Bloomberg Intelligence Senior Antitrust Litigation Analyst Jen Rie and Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader, join Bloomberg Businessweek Daily to discuss. They speak with Carol Massar and Emily Graffeo. (Source: Bloomberg)
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