Justice Department Approves Paramount’s Deal to Buy Warner Bros. Discovery

Paramount Skydance has won approval from the U.S. Justice Department for its planned acquisition of Warner Bros. Discovery, according to reports and a statement from the department. The antitrust division said its review found the deal was not likely to harm competition or American consumers.

The deal is valued at about $110 billion in one report, while another described it as $111 billion. It still needs additional regulatory approval, including from European regulators, before it can be completed.

It approved Paramount Skydance’s planned acquisition of Warner Bros. Discovery after reviewing the deal for antitrust concerns.

The approval removes one major regulatory hurdle and suggests the government does not expect the deal to reduce competition.

No. The acquisition still needs more approvals, including from European regulators.

Reuters

The U.S. ‌Justice Department's Antitrust Division has ⁠approved Paramount Skydance Corp's planned $110 billion acquisition of Warner ‌Bros ⁠Discovery , Politico reported on ⁠Friday, citing two people ⁠familiar.

CNBC

Paramount-WBD merger wins approval from DOJ, source says

Deadline

The Department of Justice has approved Paramount's $111 billion purchase of Warner Bros Discovery. A very early birthday present to CEO David Ellison, the anticipated sign-off by the Para-friendly Trump administration has been confirmed to Deadline by multiple sources.

Business Insider

Paramount Skydance got the US Department of Justice's approval to acquire Warner Bros. Discovery.

Reuters

The United States Justice Department ‌said on Friday its antitrust division had completed ⁠a review of Paramount's proposed acquisition of Warner Bros and determined it was not ‌likely ⁠to result in harm to competition or ⁠American consumers.

WSJ

The $81 billion acquisition by Paramount still requires approval from European regulators.

New York Post

Earlier this year, Paramount staved off a rival bid from Netflix for Warner Bros.

Forbes

California Attorney General Rob Bonta is gearing up to lead multiple states in a potential lawsuit challenging the merger, according to multiple outlets, with Bonta's office telling the Los Angeles Times, “The Paramount acquisition of Warner Brothers remains an active investigation, and we do not ha...

Deadline

The Justice Department said that it concluded that Paramount's proposed acquisition of Warner Bros. Discovery was “not likely to result in harm to competition or American consumers,” citing their review of the streaming, linear television and theatrical release marketplaces. In a statement, the DOJ...

Fox Business

The DOJ closed its antitrust probe into Paramount Skydance's proposed acquisition of Warner Bros. Discovery, saying the deal could strengthen competition.

Skynews

A US Department of Justice (DOJ) investigation into the proposed Paramount Skydance acquisition of Warner Bros Discovery (WBD) has determined the merger is not likely to harm competition in the industry or be harmful to consumers.

The Guardian

Deal still under UK scrutiny with new investigation, and could face lawsuit from state attorneys general

Benzinga

Paramount Skydance Corp. (NASDAQ:PSKY) shares are in the spotlight Monday as investors continue to digest Friday's landmark DOJ approval of the company's $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) — though the deal still faces hurdles from European regulators and a potenti...

WSJ

Department staffers investigating the Warner acquisition were leaning toward recommending a challenge to the merger, people familiar with the matter say.

Deadline

EXCLUSIVE: In a tough and rough election year for incumbents, Paramount's $111 billion acquisition of Warner Bros Discovery has become a political football in California and across the nation Just a few feet from Donald Trump, a smiling David Ellison was front and center last night for the UFC's con...

The Guardian

Rejected citing ‘conflict of interest', the ad took aim at Trump allies David Ellison, Paramount Skydance chief, and his billionaire father, Larry Ellison

MarketBeat

For the past three years, the market has priced a steep regulatory discount into the entire entertainment sector. Investors broadly assumed that Washington regulators would quickly block any horizontal integration that would concentrate too much market share among the legacy Hollywood studios.

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