Justice Department approves Paramount's $111 billion acquisition of Warner Bros. Discovery after 8-month review; no divestitures required, creating streaming giant with 200 million subscribers despite California AG's ongoing investigation

Justice Department approves Paramount’s acquisition of Warner Bros.

ExclusiveThe Justice Department’s Antitrust Division signed off on Paramount’s $111 billion acquisition of Warner Bros., allowing the blockbuster media merger to move forward.In an aerial view, the Warner Bros. logo is seen on the water tower at Warner Bros. Studio in Burbank, California, on Feb. 27, 2026. | Mario Tama/Getty ImagesThe Justice Department’s Antitrust Division has signed off on Paramount Skydance’s $111 billion bid for Warner Bros. Discovery. The approval, first reported by POLITIC...