Paramount says no statutory impediment to close Warner Bros. deal

Paramount Skydance (PSKY) disclosed this morning that the 10-day statutory waiting period expired following the company’s certification of compliance with the Department of Justice’s second request for information related to its offer to purchase all the shares of Warner Bros. Discovery (WBD). “The expiration of the HSR waiting period means there is no statutory impediment in the U.S. to closing Paramount’s proposed acquisition of WBD. The completion of the Transaction remains subject to certain other conditions, including entry into a definitive merger agreement with WBD, shareholder approval and regulatory clearance in other relevant jurisdictions,” added Paramount. The company noted that it “continues to engage constructively with antitrust enforcers and other regulators around the world to secure regulatory clearances and approvals necessary for the Transaction.”