Justice Department Approves Paramount Acquisition of Warner Bros. Discovery
NPR reported on June 13 that the US Justice Department cleared Paramount's acquisition of Warner Bros.
At a glance
- The US Justice Department approved Paramount's acquisition of Warner Bros. Discovery, per NPR
- The proposed merger is valued at $111 billion
- Paramount owns CBS; Warner includes HBO and CNN
VERDICT — CONFIRMED
The US Justice Department cleared Paramount's acquisition of Warner Bros. Discovery, paving the way for a proposed $111 billion merger uniting two rival studio giants, NPR reported.
Paramount owns CBS, while the much larger Warner portfolio includes HBO and CNN, per NPR.
The clearance was corroborated the same day by The Straits Times, The Independent and Economic Times, per the wire's source list.
Confirmed on the record: Justice Department clearance of the deal and the $111 billion valuation, per NPR and the corroborating outlets. Not specified in the available material: any conditions or remedies attached to the clearance, the expected closing timeline, and any remaining regulatory steps before the merger completes. Statements from Paramount or Warner Bros. Discovery were not part of the material reviewed.
Key facts on file
- The US Justice Department approved Paramount's acquisition of Warner Bros. Discovery, per NPR
- The proposed merger is valued at $111 billion
- Paramount owns CBS; Warner includes HBO and CNN
