All articles tagged with #doj antitrust
Netflix co-CEO Ted Sarandos said the bid to buy Warner Bros. Discovery is a business deal, not politics, in response to Donald Trump’s call to remove Susan Rice from Netflix’s board; the deal requires DOJ and global regulator approvals amid competition with Paramount.
Paramount Skydance is expected to boost its offer for Warner Bros. Discovery to around $32 per share, aiming to outpace Netflix in the ongoing bidding war. Netflix has the option to match higher bids and has signaled it could walk away if Paramount’s offer becomes too aggressive. A revised bid could trigger a $2.8 billion breakup fee to Netflix if Warner Bros. Discovery accepts it. The parties face a seven‑day window for improved proposals culminating in a potential four‑day response period from Netflix, with a March 20 shareholder vote on the Netflix deal and ongoing antitrust scrutiny from the DOJ.
Live Nation posted 2025 revenue of $25.2 billion and a more than 50% jump in operating profit, driven by high live-music demand and big tours (e.g., Bruno Mars, Harry Styles), with 159 million fans attending last year. Early 2026 ticket sales are robust (about 67 million), signaling another year of double-digit operating income, even as the company faces a US Department of Justice monopoly lawsuit that could reshape the live-music industry amid ongoing scrutiny of high fees.
Paramount Skydance touts a DOJ antitrust milestone for its potential purchase of Warner Bros. Discovery, stating the Hart-Scott-Rodino waiting period has expired and the review is cleared. However, Paramount has no merger agreement with WBD, WBD remains tied to its Netflix deal, and regulatory approvals plus shareholder consent—not just HSR clearance—are still required. Netflix cautions that routine HSR milestones do not equal DOJ approval, while lawmakers have pressed Paramount for records related to the talks.