DOJ signs off on Paramount's acquisition of Warner Bros. Discovery
Summary
The U.S. Department of Justice (DOJ) approved Paramount Skydance's purchase of Warner Bros. Discovery. After investigating for eight months, the DOJ said the $111 billion deal is unlikely to reduce competition or hurt customers.Key Facts
- Paramount Skydance is buying Warner Bros. Discovery.
- The deal is valued at $111 billion.
- The DOJ completed an eight-month investigation of the deal.
- The DOJ concluded the purchase will not harm competition.
- The acquisition was officially approved by the DOJ on June 12, 2026.
- The purchase combines two major media companies.
- The deal is still developing, and updates may follow.
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