According to Reuters (who cites the source from Semafor), the U.S. Department of Justice seems ready to approve the PSKY-WBD acquisition:
For now, treat this with a grain of salt.
The meeting with David Ellison & his Skydance lieutenants is a formality because the Trump DOJ is ultimately serving at the behest of the admin.
If those nonpublic staff attorneys refused to do the WH's bidding at all, the acting AG, who's angling for the nomination will be ushering them out the door.
It all comes down to Larry visiting or calling up the Oval Office every time David throws a tantrum.
But I suppose this is why the consumer lawsuit against Skydance's WarnerDiscovery pursuit is now adding the extra argument of David getting favorable regulatory treatment in exchange for the Trump admin getting favorable media coverage:
"The third is more unusual. Alioto is specifically targeting the proposed consolidation of CBS News and CNN, an issue that’s already rattling media and political circles.
From a traditional antitrust standpoint, however, this may prove the weakest part of the case. The complaint doesn’t even attempt to quantify the companies’ combined share of the national-news market. Moreover, courts historically have been reluctant to treat diminished editorial independence or viewpoint concentration as conventional antitrust harms.
But Alioto appears to be nudging the law toward the theory that media consolidation can reduce not merely price competition but diversity of reporting and public discourse itself. It’s a provocative argument. It is also one that risks pushing judges into realms bordering media regulation and the First Amendment, where courts tend to tread very cautiously.
Not coincidentally, this is also where the case becomes openly political. Alioto’s preliminary-injunction motion explicitly raises the specter that favorable regulatory treatment may be intertwined with favorable media coverage, an allegation that pushes the merger fight beyond ordinary competition analysis and directly into the bloodstream of Trump-era media paranoia.
Notably, Paramount appears eager to lean into that framing, with Kessler blasting Alioto’s complaint as “baseless” and relying on “political scaremongering.” Expect more of the same, with Paramount continuing to frame its opponents as politically motivated actors. The plaintiffs, in turn, will have to persuade the court that the politics are incidental and that market power is the point."
Matthew Belloni Hello and welcome back to the Tuesday edition of What I’m Hearing, piloted by legal expert Eriq Gardner. Now that Paramount has selected its lead antitrust litigator, a showdown with state attorneys general over the pending WarnerMount merger seems imminent, and Eriq has a timely...
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Even with every legal argument possible being used, this is also why I don't put all bets on just the court system itself at the end of the day.
There could also be some chance of the financing entirely collapsing due to Oracle being dragged on a painful financial roller coaster by OpenAI after a possible popping of the AI stock bubble combined with the Middle Eastern wealth funds pulling out their money if the U.S.'s regional war escalates further.