Paramount Global said Friday that the U.S. antitrust waiting period for its proposed $78 billion all-cash acquisition of Warner Bros. Discovery expired on Thursday, marking a significant procedural milestone in its effort to acquire the owner of HBO Max. The expiration of the 10-day waiting period under the Hart-Scott-Rodino Act means there is “no statutory impediment in the U.S. to closing Paramount’s proposed acquisition of WBD,” the company stated. However, the regulatory process is far from over. DOJ Review Continues While the waiting period has lapsed, the United States Department of Justice retains the authority to continue investigating the deal. … Continue reading Paramount Skydance’s $78 Billion Bid for Warner Bros. Discovery Clears Key U.S. Antitrust Milestone