David Ellison’s Paramount Skydance has reportedly cleared a big regulatory hurdle in advancing toward completing its $111 billion merger with Warner Bros. Discovery. The Justice Department‘s Antitrust Division has approved the deal, as first reported by Politico. The agency is giving the green light to the Paramount-WBD tie-up without requiring “any divestitures, behavioral remedies or … Read more
The European Union’s regulatory arm is investigating Paramount Skydance’s proposed Warner Bros. Discovery megamerger over the financial backing of three Middle Eastern sovereign wealth funds. The European Commission is investigating the $111 billion Paramount-WBD deal under the EU’s Foreign Subsidies Regulation, looking at the approximately $24 billion being fronted for the takeover by the sovereign wealth … Read more
Former Biden administration official Shuwanza Goff is joining Paramount Skydance as VP of U.S. government affairs, coming amid Paramount’s massive pending merger with Warner Bros. Discovery. Goff will be based in Washington, D.C., and “she will be our lead Democrat government affairs official,” according to a memo sent Tuesday to staff about her hiring by … Read more
Paramount Skydance‘s top lawyer claims Netflix is so worried about the prospect of competing with a merged Paramount-Warner Bros. Discovery that the streaming company is going all-out to try to “poison regulators and other stakeholders” against the pending $111 billion deal. Netflix clinched a deal to buy Warner Bros.’s streaming and studios businesses in late … Read more
The U.K.’s competition regulator, the Competition and Markets Authority, has started an investigation into the proposed $110 billion acquisition by David Ellison-led Paramount Skydance of Warner Bros. Discovery. The deadline for the CMA to announce its decision on the first phase of the investigation and whether it will approve the deal or refer the merger … Read more