US regulators appear ready to approve Paramount’s takeover of Warner Bros, Semafor reports
U.S. antitrust regulators appear ready to approve Paramount’s $110 billion takeover of Warner Bros. Discovery, after a two-hour meeting at the Justice Department, Semafor reported on Tuesday, citing people familiar with the matter.
At the meeting, Paramount CEO David Ellison reiterated a commitment to releasing movies in theaters, the report said.
According to the report, the Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent.
