Paramount Clears U.S. Antitrust Hurdle In Warner Bros. Discovery Battle
Deadline • • business
Key Points:
- Paramount has cleared a 10-day Hart-Scott-Rodino waiting period after responding to the DOJ's second request for information regarding its unsolicited $30-per-share cash offer for Warner Bros. Discovery (WBD), but there is no deal in place to close as WBD has agreed to sell assets to Netflix.
- Netflix disputes Paramount's implication that the waiting period expiration signals DOJ approval, emphasizing that regulatory clearance has not been granted and investigations often continue beyond such milestones.
- Netflix is also responding to the DOJ's second request and faces a 30-day waiting period, while Paramount's chief legal officer, Makan Delrahim, previously led the DOJ Antitrust Division; both deals require further regulatory approvals globally.
- WBD shareholders are set
