Justice Department Explains Why It Cleared Paramount-Warner Bros. Deal: "Not Likely To Result In Harm To Competition Or American Consumers" https://t.co/95n12IYVl4
The Department of Justice has approved Paramount’s $111 billion purchase of Warner Bros Discovery.
“We are grateful for the Department of Justice’s thorough review of this transaction, as well as the work of the other agencies that have completed their reviews and provided clearance to date,” a Paramount spokesperson said Friday.
“This deal is pro-competitive, resulting in a stronger company better positioned to compete against dominant technology platforms in an industry increasingly defined by intense competition for audiences, talent, technology, and investment. We remain focused on completing the transaction as soon as possible and delivering its benefits to consumers, creators, and the entertainment industry as a whole.”
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