US antitrust regulators appear ready to approve Paramount’s $110b takeover of Warner Bros. Discovery after a two-hour meeting Tuesday at the Justice Department, Semafor reports, citing people familiar with the matter.
- Paramount CEO David Ellison reiterated a commitment to releasing movies in theaters, report adds
- DOJ staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent, people briefed on the meeting told Semafor
- Talks remain ongoing, and the department’s analysis could change
- The DOJ didn’t immediately respond to a request for comment; a Paramount spokesperson declined to comment: ...