US antitrust regulators poised to approve Paramount’s takeover of Warner Bros

U.S. antitrust regulators appear ready to approve Paramount's $110 billion takeover of Warner Bros. Discovery, after a two-hour meeting at the Justice Department, Semafor reported on Tuesday, citing people familiar with the matter.



At the meeting, Paramount CEO David Ellison reiterated a commitment to releasing movies in theaters, the report said.



According to the report, the Department of Justice staff attorneys seemed swayed by arguments from top Paramount executives that the deal would not hurt other studios and creative talent.



Reuters could not immediately verify the report. The DOJ, Paramount and Warner Bros. did not immediately respond to requests for comment outside regular business hours.



Hollywood and Wall Street are intensely interested in the high-stakes deal, which would bring together some of the entertainment industry's most enduring franchises but could hurt film and television jobs.



The DOJ in March sent subpoenas in its investigation of Paramount's acquisition of Warner Bros., seeking information on how the deal would affect studio output, content rights, competition among streaming services, and how the acquisition could affect movie theaters.