Trump praises new Skydance Corp merger of Paramount and Warner Bros
President Donald Trump praised the closing of the Paramount and Warner Bros Discovery merger on Tuesday to form Skydance Corp at the White House.
White House comments on deal
Trump told reporters he was happy about the merger and called the new company great. He stated that the people involved are terrific while expressing gladness that the deal proceeded without further conditions.
Legal path to approval
The Justice Department approved the transaction in June without attaching any conditions to the agreement. A judge finalized the process on September 30 after Paramount settled an antitrust lawsuit with twelve Democratic state attorneys general.
Concerns over CNN ownership
David Ellison previously argued that the litigation against the merger was politically motivated rather than based on market share. He wrote in a New York Times op-ed that fears about his stewardship of CNN drove the legal challenges.
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