The Justice Department has approved the planned merger between Paramount and Warner Bros. Discovery, valued at $110 billion. News sources indicate the DOJ’s antitrust division has given its approval, and an official statement is anticipated shortly.
The proposed merger of Paramount and Skydance with Warner Bros. Discovery has sparked significant controversy. Reports suggest the combined company could save $6 billion, likely through job cuts. An open letter opposing the merger has already gathered 5,500 signatures, and the attorneys general of ten states are considering legal challenges based on antitrust concerns, especially if federal regulators don’t intervene. Senator Elizabeth Warren strongly criticized the deal, stating it would give too much control over media content and pricing to billionaires with ties to Donald Trump, and she urged state attorneys general to block it, alleging corruption and undue influence.
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2026-06-13 03:53