PSKY-WBD Merger ‘Could Be Dragged Out a Year’

Despite clearing federal scrutiny, the proposed merger between Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) still faces challenges from state regulators. Bryan Sullivan of Early Sullivan Wright Gizer & McRae says the case could hinge on expert testimony over whether the combined company would have too much pricing power.He says a narrower definition of the competitive market could ultimately determine whether the deal is allowed to move forward.