The U.S. Department of Justice has approved a $110 billion merger deal between Paramount Skydance and Warner Bros. Discovery after an eight-month review. The department determined that the transaction would not negatively impact competition in the media and entertainment industry and believed it would enhance competition and benefit consumers and workers in the United States.
13 Jun 2569 U.S. Department of Justice (DOJ) Antitrust officials have approved the $1.1 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corp, stating that the transaction is unlikely to negatively impact competition or harm consumers.
The DOJ stated that the review of this deal took eight months, during which it assessed the impact on video streaming, traditional television, and the film industry, while also listening to information and opinions from stakeholders in the entertainment industry.
In a statement Friday (June 12), the DOJ added that, based on information from antitrust investigators, the transaction is likely to increase competition in the media and entertainment ecosystem, benefiting both consumers and workers in the United States.
side David Ellison, Chief Executive Officer of Paramount Skydance Corp. He is the son of Larry Ellison, co-founder of Oracle, who has close ties to U.S. President Donald Trump. The company has also hired former officials from the Trump administration.
However, Omed Assefi, Assistant Attorney General of the United States, affirmed that the DOJ's decision would not be influenced by any political factors.
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