Paramount Seeks Quick Antitrust Review of Warner Bros. Bid (1)

Paramount Skydance Corp. is pressing to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares in the coming weeks, according to people familiar with the matter.

Paramount has been turning over information requested by the government, said the people, who asked to not be identified discussing private information. Completing that task will trigger a 10-day waiting period for the Justice Department to make a decision on whether to challenge Paramount’s proposal over competition issues.

Demonstrating it has an advantage with regulators is a key part of Paramount’s strategy to thwart Netflix ...