Paramount Skydance ($PSKY) has received clearance from the U.S. Justice Department's Antitrust Division for its planned $110 billion acquisition of Warner Bros. Discovery ($WBD), according to multiple reports. The approval removes a major federal regulatory hurdle and was granted without requiring divestitures, behavioral remedies, or other concessions, though several state attorneys general continue to review the transaction.
- DOJ officials concluded the merger does not pose a threat to competition.
- The transaction would combine Paramount with Warner Bros. Discovery, owner of HBO Max, CNN, and Warner Bros. Pictures.
- Paramount CEO David Ellison reportedly met directly with DOJ officials during the review process.
- California Attorney General Rob Bonta's office said its investigation remains active.
- Bloomberg previously reported that a coalition of states was preparing a legal challenge to the merger.
- Paramount has projected more than $6 billion in merger synergies.
- The review followed a public lobbying battle between Paramount and Netflix over the proposed deal.
Relevant Companies
- Paramount Skydance ($PSKY) - DOJ approval advances the company's proposed acquisition of Warner Bros. Discovery.
- Warner Bros. Discovery ($WBD) - The company moves closer to completing the merger.
- Netflix ($NFLX) - The streaming giant publicly opposed the transaction and would face a larger combined competitor.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
