Mergers

Elon Musk said on October 20 that Tesla and SpaceX have each formed special committees to weigh a potential merger, with independent directors evaluating the combination. Musk described the outcome as not a certainty. The discussion follows SpaceX’s first-ever quarterly profit, with revenue up 161 percent as its AI-related business scaled and capital spending coming in below expectations. Press reports put the potential combined value in the range of 3.5 trillion dollars. Tesla shares slid while SpaceX stock surged after the disclosure.

A US federal judge has issued a temporary injunction halting the merger between Paramount Pictures and Warner Bros. Discovery, citing incomplete antitrust review. The ruling creates major uncertainty for Hollywood’s studio landscape.

Core Summary The US Department of Justice formally approved Paramount’s acquisition of Warner Bros on June 12, clearing the most critical regulatory hurdle for the largest media merger in Hollywood history. The deal will create an entertainment giant with a massive content library, fundamentally reshaping the global film and television industry. Event Details According to Politico, the DOJ’s antitrust division decided not to challenge the transaction after completing its review, giving the deal key federal clearance. The industry had widely expected strict antitrust scrutiny. ...