Paramount Skydance’s $78B bid for Warner Bros. clears major hurdle
Government
Paramount said Friday the US antitrust waiting period for its $78 billion all-cash bid for Warner Bros. Discovery expired on Thursday, marking a milestone on the road to a potential deal to acquire the owner of HBO Max. The company said this “means there is no statutory impediment in the US to closing Paramount’s proposed acquisition of WBD,” but the expiration of the 10-day waiting period under the Hart-Scott-Rodino Act does not end the Department of Justice’s review. The DOJ can continue
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