Paramount's $111-billion Warner Bros. acquisition clears key hurdle
Key takeaways
- Justice Department cleared the way for Paramount Skydance’s $111-billion purchase of Warner Bros.
- After a months-long review, Justice Department antitrust regulators on Friday concluded the combination would not violate federal anti-competition laws.
- The government stopped short of asking Paramount to make concessions or divestitures.
Paramount Skydance secured approval from the U.S. Justice Department to move forward with its $111-billion deal to buy Warner Bros. Discovery. (Myung J. Chun/Los Angeles Times) By Meg James Staff Writer Follow June 12, 2026 3:01 PM PT 4 4 min Click here to listen to this article Share via Close extra sharing options Email Facebook X Linked In Threads Reddit Whats App Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here.
The U.S. Justice Department cleared the way for Paramount Skydance’s $111-billion purchase of Warner Bros. Discovery — a major milestone that moves David Ellison closer to his goal.
After a months-long review, Justice Department antitrust regulators on Friday concluded the combination would not violate federal anti-competition laws. Approval had been expected because President Trump — who has friendly ties with Ellison and his father, tech billionaire Larry Ellison — favors the deal.