Warner Bros $111bn sale to Paramount approved by US Justice Department

The approval marks a key development in the merger that will reshape media, allowing the continue of the takeover of the Hollywood studio, which owns CNN and HBO.

The Justice Department on Friday closed its antitrust investigation into the proposed $111 billion merger of Paramount and Warner Brothers Discovery, saying that it has found no threat to competition or consumers of film, broadcast television or streaming. The decision paves the way for a merger of two historic studio rivals — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN. Several states, including California, have raised antitrust concerns. The European Union is investigating as well. In a statement following the decision, Paramount described the deal as "pro-competitive," and would result in "a stronger company better positioned to compete against dominant technology platforms in an industry increasingly defined by intense competition for audiences, talent, technology, and investment." The company said it planned to complete the merger as soon as possible, "delivering its benefits to consumers, creators, and the entertainment industry as a whole."

The Justice Department on Friday approved Paramount's proposed $111 billion takeover of Warner Bros. Discovery. After concluding its antitrust investigation into the pending merger, the department said in a statement that it found that the deal posed no threat to competition or consumers of film, broadcast television or streaming. The decision clears the way for a merger of two rival Hollywood studio titans: Paramount, the owner of CBS, including CBS News, will swallow the much larger Warner, which includes HBO and CNN.

The US Justice Department’s Anti-trust Division on Friday (US time) cleared Paramount Skydance’s $111 billion bid for Warner Bros. Discovery. The approval allows the companies to move closer to combining their film, television, and streaming operations under one group. According to a report by Politico, officials reviewed the deal for about eight months before concluding that the merger did not harm competition in a way that required legal action. The department did not demand any asset sales, restrictions, or conditions.

The Justice Department on Friday approved Paramount's proposed $111 billion takeover of Warner Bros. Discovery. After concluding its antitrust investigation into the pending merger, the department said in a statement that it found that the deal posed no threat to competition or consumers of film, broadcast television or streaming. The decision clears the way for a merger of two rival Hollywood studio titans: Paramount, the owner of CBS, including CBS News, will swallow the much larger Warner, which includes HBO and CNN.

The U.S. Justice Department has approved Paramount Skydance’s $111-billion takeover of Warner Bros. Discovery, marking a significant regulatory milestone for the media giants.

The US Justice Department on Friday cleared Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery, handing a major win to a media empire financed by one of President Donald Trump’s closest billionaire allies.

The Antitrust Division of the U.S. Department of Justice issued a statement regarding the closing of its investigation into the proposed acquisition of Warner Bros. Discovery by Paramount Skydance. The Division determined that the transaction is not likely to result in harm to competition or American consumers, including with respect to streaming video on demand, linear television, and studio development, production, or distribution of films for theatrical release. The investigation involved over two million documents from more than 80 custodians and extensive documents, data, and advocacy from third parties across the media and entertainment ecosystem.

Tras ocho meses de revisión, las autoridades estadounidenses aprobaron la compra de Warner Bros Discovery por parte de Paramount Skydance. El acuerdo creará un gigante del entretenimiento.

The Justice Department on Friday closed its antitrust investigation into the proposed $111 billion merger of Paramount and Warner Brothers Discovery, saying that it has found no threat to competition or consumers of film, broadcast television or streaming. The decision paves the way for a merger of two historic studio rivals — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN. Several states, including California, have raised antitrust concerns. The European Union is investigating as well.

The US Justice Department has officially cleared Paramount Skydance’s acquisition of Warner Bros. Discovery, removing the most significant regulatory obstacle standing between the entertainment industry and its biggest-ever consolidation. The deal values WBD at approximately $110.9 billion in enterprise value, translating to $31 per share in cash for WBD equity plus assumed debt.

The U.S. Department of Justice has approved the $111 billion merger between Paramount Skydance and Warner Bros. Discovery, marking a significant regulatory milestone for the media giants. The approval was granted without any conditions, meaning Paramount will not have to divest any assets as part of the merger. The company still needs regulatory clearance from European authorities. Despite the DOJ’s approval, the deal could face additional challenges, as state attorneys general from California and New York are reportedly considering legal action to block the merger.

Paramount Skydance's $111bn (£828mn) acquisition of Warner Bros Discovery has been approved by the US Department of Justice. The approval marks a key development in the merger that will reshape media, allowing a takeover of the Hollywood studio, which owns CNN and HBO, to continue. The sale has been filled with contention, from Paramount's battle with Netflix over the company to scrutiny over industry consolidation and worries about politics. David Ellison, the leader of Paramount, is the son of Larry Ellison, a major donor to President Donald Trump. But it's not a done deal yet, as states like California are reviewing the sale and could sue to block it. In a statement on its decision, the justice department said it had conducted a "rigorous" investigation of the proposed deal and found it was "not likely to result in harm to competition or American consumers."