The Paramount-Warner Bros. Discovery merger cleared DOJ review, with the deal valued at roughly $110 billion.
Snapshot · Pivot
The Paramount-Warner Bros. Discovery merger cleared DOJ review, with the deal valued at roughly $110 billion.
Where this was said
At 12:15 · chapter starts 11:35
The Justice Department announced it found the $110 billion Paramount-Warner Bros. Discovery deal unlikely to harm competition, removing the biggest federal obstacle to a merger David Ellison says is on track to close by September. [1] — Kara Swisher "The DOJ cleared the roughly $110 billion Paramount-Warner Bros. Discovery merger before career staffers could even formally weigh in — thos…" 12:08 But the process was striking: career DOJ staff who were actually leaning toward suing to block the deal were sidelined before they could formally weigh in. Kara reads that as the Ellison-Trump connection making the fix inevitable. Scott is less alarmed from a pure antitrust standpoint, noting the combined company still won't rival YouTube's viewership or match the revenues of the tech giants. What did send a chill down his spine was learning Mark Thompson is being considered to run CBS News — a reminder that the Ellisons would now own CNN. Blue-state attorneys general are proving more combative than the federal government, and European regulators are still weighing the deal. The post-merger debt load, Kara warns, is the thing every media executive she's spoken to is most worried about.
The DOJ cleared the roughly $110 billion Paramount-Warner Bros. Discovery merger before career staffers could even formally weigh in — those lawyers were actually leaning toward recommending a lawsuit. With the Ellisons' ties to Trump, Kara Swisher says the fix was in from the start.
Kara Swisher confirmed on air she is leaving CNN when her contract ends, citing her refusal to work under the Ellison family's ownership. She's done it before with Murdoch. This is not a new Kara Swisher move — it's just who she is.
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