The US Justice Department has approved Paramount Skydance’s acquisition of Warner Bros. Discovery in a deal reported at about $110–$111 billion, according to multiple media outlets. Reports say the Antitrust Division cleared the transaction without requiring divestitures, behavioral remedies, or other concessions, concluding that the merger does not threaten competition. The approval is expected to be announced shortly after the DOJ’s decision and follows an antitrust review process. The combined company would unite Paramount’s assets with Warner Bros., HBO Max and CNN, with further plans to integrate Paramount+ and related streaming offerings.
While federal approval removes a major regulatory hurdle, it does not end the legal and regulatory scrutiny surrounding the transaction. Several US states, led by California, are preparing for potential litigation, with California Attorney General Rob Bonta’s office describing the matter as an active investigation. In addition, the European Commission is reviewing the merger. The deal’s timeline and prospects have also been shaped by prior competition for Warner Bros., including a bidding contest in which Netflix sought the assets but ultimately withdrew as Paramount outbid it.
