The US Department of Justice approved Paramount's $111 billion acquisition of Warner Bros. Discovery on Friday, but Wall Street Journal reporting revealed that DOJ career lawyers investigating the deal had been leaning toward recommending a lawsuit challenging it as anticompetitive. Senior DOJ leaders closed the investigation before staff could formally object, with sources indicating that a meeting with Paramount CEO David Ellison helped convince leadership to approve the merger.
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The US Department of Justice approved Paramount's $111 billion acquisition of Warner Bros. Discovery on Friday, but Wall Street Journal reporting revealed that DOJ career lawyers investigating the deal had been leaning toward recommending a lawsuit challenging it as anticompetitive. Senior DOJ leaders closed the investigation before staff could formally object, with sources indicating that a meeting with Paramount CEO David Ellison helped convince leadership to approve the merger.