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Updated on: June 12, 2026 / 6:20 PM EDT
/ CBS News
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Federal antitrust enforcers on Friday cleared Paramount Skydance's $110 billion deal to buy Warner Bros. Discovery .
In a statement, the Department of Justice's Antitrust Division said it had closed its probe of the acquisition after determining that the transaction "is not likely to result in harm to competition or American consumers."
"The extensive investigatory record reviewed by the division suggests that the impact of the transaction will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers," it said.
Paramount Skydance is the parent company of CBS News.
In a statement, Paramount said, "This deal is pro-competitive, resulting in a stronger company better positioned to compete against dominant technology platforms in an industry increasingly defined by intense competition for audiences, talent, technology, and investment. We remain focused on completing the transaction as soon as possible and delivering its benefits to consumers, creators, and the entertainment industry as a whole."
The deal still faces potential legal hurdles from multiple state attorneys general who have threatened to challenge the transaction.
This is a breaking story and will be updated.
Edited by
Paula Cohen
In:
Warner Bros.
Paramount
Read the full article at CBS News (US) →📄Source document: Department of Justice (DOJ)→2 reports
QuartzIndependentCenter5 days agoThe article reports that career antitrust lawyers within the Department of Justice (DOJ) were considering recommending a lawsuit against the proposed $110 billion merger between Paramount and Warner Bros., but senior DOJ officials ended the investigation and approved the deal before the lawyers could provide their input.
Bias read (Center): The article presents facts without overtly favoring any side. It states that career lawyers were leaning toward recommending a lawsuit, but senior officials closed the investigation. The article does not use loaded language or selectively present information to support a particular viewpoint.
CBS News (US)IndependentCenter8 days agoThe Department of Justice has concluded its investigation into Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, stating that the merger is unlikely to harm competition or consumers. The DOJ noted that the transaction could enhance competition within the media and entertainment sector. Paramount emphasized that the deal would create a stronger company capable of competing with major technology firms. However, the acquisition still faces potential challenges from several state attorneys general.
Bias read (Center): The article presents the facts of the DOJ's decision without apparent ideological framing. It includes direct quotes from both the DOJ and Paramount, providing balanced perspectives on the situation. There is no evident slant toward either side of the issue.
Official sources cited
- government Department of Justice's Antitrust Division Statement
- organisation Paramount Statement
United States