DOJ: Paramount-Skydance Warner Bros Buyout Not Fast-Tracked
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Acting Assistant Attorney General Omeed Assefi confirms Paramount and Skydances Warner Bros Discovery buyout wont get fast-track approval due to political factors. Despite denying antitrust enforcement politicization, he wont comment on active investigations. Warner Bros shares dip, Paramount shares narrow losses. Netflixs competing offer reviewed by DOJ, leading to Netflixs withdrawal. Californias attorney general also scrutinizing the deal, expect more regulatory examination.
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