Paramount’s $100B Warner Bros Acquisition Poised for Regulatory Backing
Washington is fueling the colossal merger of Paramount and warner bros discovery. The FCC chairman has also indicated that the government will be unlikely to oppose the 110 billion dollar deal. The move removes a major obstacle for the two media giants as they seek to combine their movie studios and streaming services. When the deal is complete, the new company will be a beast on the entertainment landscape, controlling everything from CNN to HBO.