DOJ Approves Paramount's $111 Billion Acquisition of Warner Bros. Discovery
By
Robert DeFelice
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Summary
The U.S. Department of Justice has approved Paramount's $111 billion acquisition of Warner Bros. Discovery. The deal, secured in February 2026 after a bidding war with Netflix, includes a cash purchase price of $31.00 per WBD share, a daily ticking fee of $0.25 per quarter starting after September 30, 2026, and a $7 billion regulatory termination fee. The approval marks a major consolidation in the entertainment industry.
Key quotes
· 3 pulledThe United States Department of Justice has officially approved Paramount's bid to purchase Warner Bros. Discovery for $111 billion.
After engaging in a bidding war with Netflix and facing multiple offer declines, Paramount secured a deal to purchase Warner Bros. in February 2026.
There was also a $7 billion safety-net regulatory termination fee if the deal doesn't close due to regulatory issues.
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