Trump DOJ approves Paramount-Warner Bros. Discovery merger; state lawsuits may follow
By
Brian Stelter
Plain bagel done well. Pleasantly substantive.
Summary
The Trump administration's Department of Justice has approved the merger between Paramount Skydance and Warner Bros. Discovery, a major consolidation deal that would give Paramount control over CNN, HBO, the Warner Bros. movie studio, and other Warner Bros. Discovery assets. The DOJ stated the transaction is unlikely to harm competition or American consumers, though potential state lawsuits may challenge the merger. The deal is expected to significantly reshape the Hollywood entertainment landscape.
Key quotes
· 3 pulledThe Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.
Friday afternoon's sign-off by the Department of Justice, while expected, was a key step in Paramount's quest to acquire CNN, HBO, the Warner Bros. movie studio and other Warner Bros. Discovery assets.
The DOJ said in a statement that 'the transaction is not likely to result in harm to competition or American consumers, includi
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