Paramount Skydance Shares Jump 3.8% After DOJ Clears $110B Warner Deal
PSKY•The DOJ's Antitrust Division has unconditionally approved Paramount Skydance's $110–111 billion acquisition of Warner Bros Discovery, removing the primary federal regulatory hurdle. Paramount Skydance shares jumped 3.8% after Friday's close as the merger advances toward closing ahead of anticipated European and state reviews.
1. DOJ Unconditional Approval
The Justice Department’s Antitrust Division concluded the transaction would not harm competition and granted approval without requiring divestitures or behavioral remedies, clearing the main federal barrier to the $110–111 billion merger.
2. Market Reaction
Paramount Skydance shares rose 3.8% and Warner Bros Discovery stock gained 0.4% on the news, reflecting investor confidence as the companies move closer to integration under a single corporate roof.
3. Remaining Regulatory Hurdles
Paramount Skydance must still secure European and UK antitrust clearances and navigate potential lawsuits from state attorneys general before finalizing the merger, with no confirmed closing timeline disclosed.
