Posted on 6/13/126 by Colin Vassallo
The U.S. Department of Justice approved the big merger
between Paramount Skydance and Warner Bros. Discovery,
clearing another hurdle in the Paramount $111 billion
takeover of WBD.
The result was largely expected to encounter no pushbacks
from the DOJ, with President Donald Trump even pushing for
the merger to happen considering his close ties to the
Ellison Family, which owns Paramount.
The merger will have some implications in the wrestling
world as AEW currently has a media rights contract with WBD
and they will now have to work with the new company for a
renewal of their existing broadcast deal.
The merger still has to clear some other regulatory hurdles,
including one from the European Union.