Paramount Clears Final Hurdles for $110.9 Billion Warner Bros. Discovery Acquisition

Paramount received shareholder approval in April 2026 and U.S. antitrust clearance in June 2026 for its $110.9 billion acquisition of Warner Bros. Discovery, Forbes reported. The transaction also obtained a series of international approvals during the second quarter.

Forbes reported that the merger remains on track to combine two major Hollywood studios and their content libraries. Fox Corp. completed its $22 billion acquisition of Roku in the same quarter. The transaction gives Fox a connected television platform whose operating system powers many smart TVs sold in the United States along with a direct relationship to millions of streaming viewers.

Comcast announced plans to spin off NBCUniversal and Sky from its broadband and technology businesses. The separation would unwind the media empire the company assembled over decades and allow the slower-growing television assets to operate independently.

Google invested $75 million in A24 as part of a research partnership between Google DeepMind and A24 Labs focused on production workflows such as storyboarding and visual effects.

Lionsgate took an equity stake in Runway and launched a joint program to develop new intellectual property using generative video models. James Murdoch acquired New York magazine and Vox Media’s podcast network for more than $300 million. Penske Media agreed to acquire multiple Vox Media digital brands including The Verge.

Axel Springer completed its acquisition of Telegraph Media Group. Byron Allen announced a $120 million investment in BuzzFeed and became chairman and chief executive. BuzzFeed founder Jonah Peretti shifted focus to leading a new company AI effort.