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New York PostA Los Angeles County report estimates the $111 billion Paramount-Warner Bros. Discovery merger could eliminate 2,500 local jobs and 6,000 positions worldwide. The combined company carries an $82 billion debt load and plans $6 billion in savings through consolidation.
upi.comThe U.S. Justice Department closed its antitrust review on 13 June 2026 and approved the $111 billion transaction without conditions.
bbc.co.ukSpaceX completed the largest initial public offering in history on Friday. The same day, the Justice Department approved a merger between Paramount Skydance and Warner Bros. Discovery.
The U.S. Department of Justice approved the $111 billion deal on Friday. Paramount Skydance now plans to close the purchase by the end of September.
Paramount merged technical streaming teams in March and hired three former Google and Amazon executives. The moves come as the company advances its convergence project ahead of a potential Warner Bros. Discovery acquisition.
Substrate placeholder — needs reviewStates are preparing an antitrust suit against the $110 billion merger. Robert Van Nest is in talks to represent the coalition.
About 100 people gathered in Los Angeles on Saturday to oppose the deal. Organizers said the merger would reduce jobs and competition in the entertainment industry.
nbcnews.comMultiple states are preparing legal action against the $110 billion deal, arguing it would reduce competition and harm workers in the entertainment sector.
New York PostA group of states plans legal action against the proposed merger. California’s attorney general said his office will decide soon. Shares of both companies fell after the news.
dailycaller.comHollywood has been working to scrap Paramount Skydance's potential merger with Warner Bros. Discovery.
benzinga.comLaura Poitras and Geeta Gandbhir addressed a press call on Wednesday about the proposed $110 billion merger. They raised questions about documentary production, editorial independence, and access to archival materials at HBO and CNN.
Washington ExaminerCNN employees expressed fear and concern after reports that Paramount-Skydance would acquire Warner Bros. Discovery. The network has faced declining viewership and questions about its coverage.
Substrate placeholder — needs reviewU.S. and European lawmakers sent a letter to Paramount CEO David Ellison warning that the proposed $31-per-share acquisition of Warner Bros. Discovery faces rigorous regulatory review in both the United States and European Union. The letter, first reported by cnbc.com, challenges…
DeadlineCo-heads of sales Ryan Gould and Robert “Bobby” Voltaggio acknowledged industry change and the looming Paramount acquisition during the company’s upfront presentation on Wednesday. The deal, valued at $110 billion, is expected to close by September after regulatory and shareholde…
hollywoodreporter.comComcast's NBCUniversal, Fox, Disney, Warner Bros. Discovery, Amazon's Prime Video and Google's YouTube are holding upfront presentations in New York City this week. Paramount Skydance completed its presentations in recent weeks ahead of its planned merger with Warner Bros. Discov…
ForbesRecent quarterly results from several entertainment companies indicate a move away from prioritizing streaming subscriber growth toward sustainable profits, consolidation and premium experiences. Disney reported its streaming services reached sustainable profitability while Param…
DeadlineDavid Zaslav paid tribute to Ted Turner and John Malone on the company's May 6, 2026 earnings call while advertising revenue fell 6.7 percent. Executives declined to answer questions on the Paramount transaction. CNN anchor Christiane Amanpour voiced concerns about the merger's p…
rte.ieSeveral companies, including Grab and Paramount, reported robust first-quarter earnings with revenue growth. Paramount highlighted progress on its acquisition of Warner Bros. Discovery, aiming for 30 films annually post-merger. An Italian bank also raised its annual guidance foll…
Los Angeles TimesParamount reported stronger-than-expected first-quarter 2026 earnings while advancing its $111 billion acquisition of Warner Bros. Discovery. The company defended plans for 30 annual film releases and highlighted streaming growth. Other firms including Reddit and Big Oil companie…
rte.ieFive consumers filed a lawsuit on May 1, 2026, to halt Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, alleging it would raise prices and reduce choices. The suit also seeks to reverse the 2025 Paramount-Skydance merger. The deal faces regulatory scrutiny…
Substrate placeholder — needs reviewSeveral significant transactions occurred in the media industry during the first quarter of 2026, including mergers, acquisitions, and joint ventures. These deals involved companies such as Paramount Skydance, Warner Bros. Discovery, and TikTok's U.S. operations. The activities s…
The IndependentParamount Skydance executives hosted President Donald Trump and top administration officials for a private dinner in Washington, D.C., on Thursday. The event occurred as the company awaits federal approval for its $111 billion acquisition of Warner Bros. Discovery.
BenzingaWarner Bros. Discovery shareholders voted overwhelmingly to approve a $110 billion merger with Paramount Skydance, parent of CBS News, during a special meeting on Thursday. The deal, offering $31 per share, still requires regulatory approval and faces potential lawsuits.
Substrate placeholder — needs reviewNetflix Inc. is scheduled to report its first-quarter earnings after market close, marking its first earnings release since ending an $83 billion acquisition agreement with Warner Bros. Discovery. The company received a $2.8 billion termination fee from Paramount Skydance related…
Institutional Shareholder Services advised Warner Bros. Discovery shareholders to vote against a proposed executive compensation plan that includes a $887 million payout for CEO David Zaslav in the event of a sale to Paramount Global. The firm supported the overall merger but cri…
thehindubusinessline.comInvestors from Saudi Arabia and other Middle Eastern countries have secured $24 billion in commitments for Paramount Global's acquisition of Warner Bros. Discovery. This development follows speculation that the ongoing Iran conflict might disrupt these investments. The funding su…
Substrate placeholder — needs reviewParamount Skydance has confirmed that investments from Middle Eastern sovereign wealth funds are supporting its $111 billion acquisition of Warner Bros. Discovery. The funds include Saudi Arabia's Public Investment Fund, Abu Dhabi's L'Imad, and Qatar's Investment Authority. Addit…
Substrate placeholder — needs reviewThree funds from Gulf countries have agreed to provide backing for Paramount Global's proposed $81 billion takeover of Warner Bros. Discovery, according to a Wall Street Journal report. The deal, if completed, would create one of the largest media conglomerates. Details on the fu…