Language Selection

Get healthy now with MedBeds!
Click here to book your session

Protect your whole family with Orgo-Life® Quantum MedBed Energy Technology® devices.

Advertising by Adpathway

         

 Advertising by Adpathway

U.S. DOJ clears Paramount Skydance’s planned acquisition of Warner Bros.

2 days ago 4

PROTECT YOURSELF with Orgo-Life® QUANTUM TECHNOLOGY

Orgo-Life the new way to the future

  Advertising by Adpathway

The U.S. Justice Department’s Antitrust Division said it has cleared Paramount Skydance Corp’s planned $110 billion acquisition of Warner Bros. Discovery.

Department of Justice officials said in a statement released late on Friday that it determined the transaction did not pose a threat to competition in streaming, the traditional television business or film.

The clearance gives Paramount another regulatory green light to point to as it seeks to ward off a potential challenge to the deal by states.

In April, Paramount also asked ‌the Federal Communications Commission (FCC) to approve foreign investments backing the acquisition. U.S. senators have raised concerns about Middle Eastern sovereign wealth funds and Chinese companies taking part. The FCC has yet to make a determination.

Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.

Get breaking National news

Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.

Analysts had expected the DOJ not to challenge the deal because of Paramount’s political connections. Paramount CEO David Ellison’s father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with President Donald Trump, and the company has hired former Trump officials.

Story continues below advertisement

Assistant Attorney General Omeed Assefi had said that politics would “absolutely not” drive the DOJ’s review of the transaction.

Paramount has argued the deal has no antitrust problems, and said the combined company would increase competitive pressure on Disney and Netflix.

However, several in Hollywood – including actors, directors, writers and producers – have expressed concern that the merger would result in fewer jobs and less diversity of storytelling.

California, New York and other U.S. states are preparing a lawsuit to block the deal, sources familiar with the matter told Reuters last week.

 '1,000+ in Hollywood sign letter opposing Paramount-Warner Bros. deal'

1:52 1,000+ in Hollywood sign letter opposing Paramount-Warner Bros. deal

Read Entire Article

         

        

Start the new Vibrations with a Medbed Franchise today!  

Protect your whole family with Quantum Orgo-Life® devices

  Advertising by Adpathway