Paramount Skydances $78B bid for Warner Bros….
Paramount said Friday the US antitrust ready period for its $78 billion all-cash bid for Warner Bros. Discovery expired on Thursday, marking a milestone on the highway to a potential deal to purchase the proprietor 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 ready period under the Hart-Scott-Rodino Act doesn’t end the Department of Justice’s review.
The DOJ can continue investigating the deal, request more info and still sue to block…
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