The U.S. Department of Justice (DOJ) approved Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery without conditions. The Antitrust Division concluded an eight-month investigation into the transaction. Regulators determined the merger is unlikely to harm competition or consumers in the film and television industry.
A group of state attorneys general may still file a lawsuit to block the deal. Paramount claims the combined entity will better compete against dominant streaming platforms.
Paramount Skydance shares rose modestly in after-hours trading following the announcement. Retail investor sentiment remains extremely bullish regarding the federal clearance.