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Paramount, WBD shares may not exceed US presumption but still cause for alarm

By Curtis Eichelberger and Flavia Fortes ( December 22, 2025, 18:59 GMT | Comment) -- Paramount’s $108 billion bid to acquire Warner Bros. Discovery isn’t likely to give the combined company such a large piece of the market that the law will presume the deal to be anticompetitive, but it still raises antitrust concerns. While overlaps in TV programming may ultimately require divestitures, the bigger question is how the US Justice Department will assess consolidation in the sector.Paramount’s $108 billion bid to acquire Warner Bros. Discovery isn’t likely to give the combined company such a large piece of the market for entertainment production and distribution that the law will presume the deal to be anticompetitive, but it still raises antitrust concerns....

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