Paramount Skydance is celebrating the fact that its takeover bid for Warner Brothers Discovery has survived its first regulatory hurdle and is now past the waiting period restriction imposed by the Department of Justice.
The studio says that on February 19 its bid cleared the Department of Justice’s Hart-Scott-Rodino (HSR) waiting period and is now ready for serious consideration, according to The Wrap.
The February date represents the extension date requested by the government. After Paramount made its first offer, the DOJ’s antitrust division set the date of December 23 as the first hurdle. However, just before that date, the department…
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