US Justice Department approves Paramount's $111B acquisition of Warner Bros. Discovery
The US Department of Justice has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery. The Antitrust Division concluded the merger poses no competition or monopoly concerns and will not harm consumers. Paramount, owned by David Ellison—son of Oracle co-founder Larry Ellison and a close associate of President Donald Trump—would gain an unparalleled role in US entertainment and news media. The company already owns CBS and would also control CNN and HBO's streaming service. Netflix had initially pursued Warner Bros. but dropped out. The approval is a major step, but the deal is not final and could still face legal challenges.
Key facts
- US Department of Justice approved Paramount's acquisition of Warner Bros. Discovery
- Deal valued at $111 billion
- Antitrust Division found no competition or monopoly issues
- Paramount owned by David Ellison, son of Oracle co-founder Larry Ellison
- David Ellison is close to President Donald Trump
- Paramount already owns CBS, would gain CNN and HBO streaming
- Netflix had also tried to buy Warner Bros. but abandoned the effort
- Deal not final; could be blocked by courts
Entities
Institutions
- US Department of Justice
- Paramount Skydance
- Warner Bros. Discovery
- CBS
- CNN
- HBO
- Netflix
- Oracle
- Warner Bros Discovery
- Trump administration
Locations
- Los Angeles
- United States
- Hollywood