The Justice Department has cleared the way for Paramount CEO David Ellison’s next media takeover, even though the department’s own lawyers found grounds for challenging the move, according to an explosive new report.
Career lawyers at the DOJ spent months investigating the Trump-friendly nepo baby’s $111 billion bid to buy Warner Bros. Discovery—home to CNN and HBO—and were leaning toward recommending a lawsuit challenging the deal on the grounds that it would be anticompetitive and violate antitrust law, people familiar with the matter told The Wall Street Journal.
But on Friday, the DOJ’s senior leadership shut down the investigation before the lawyers in the antitrust division could make a final recommendation, according to the Journal. The move effectively greenlights the deal at the federal level.
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