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The British government said on Tuesday that it is likely to challenge Paramount Skydance’s takeover of Warner Bros. Discovery, potentially complicating the finalization of the $110 billion merger.

(Updates with quotes from Secretary Lisa Nandy and Paramount throughout the story.) Paramount Sky

Comcast (CMCSA) said Monday it plans to split into two publicly traded companies, separating its NBC

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Paramount Skydance (PSKY) is prepared to sell its film distribution joint venture with Universal Pic

Brussels is set to approve Paramount’s $111bn takeover of Warner Bros Discovery provided the company accepts certain remedies, in a move that...

Netflix remains one of streaming’s strongest businesses, with investors looking for signs that ad growth and cash flow can add more upside beyond future price hikes.

The stock is down 10.5% this month, after closing May 8% lower.

The unprecedented federal clearance of the massive media merger transforms the entertainment sector and creates lucrative opportunities for modern investors.

WHATS NEWS BUSINESS FINANCE Oil prices fell, bonds rallied and the Dow industrials closed at a record 51671.03 after Trump announced a deal to end the war with Iran and reopen the Strait of Hormuz. The Justice Department’s senior leadership closed an investigation of Paramount Skydance’s bid for Warner Bros.

Department staffers investigating the Warner acquisition were leaning toward recommending a challenge to the merger, people familiar with the matter say.

Sunday’s fights at the White House promise a violent show and a chance for the president to project power and reconnect with young men.

An investigation by the U.S. Justice Department into Paramount Skydance’s proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed its probe into the deal, with regulators at its antitrust division concluding that the impact of the merger “will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers.” David Ellison’s Paramount Skydance reached a deal to acquire Warner Bros. Discovery in late February.

The Justice Department has cleared Paramount $81 billion purchase of Warner Bros. Discovery removing one hurdle for the entertainment companies’ megadeal. The department’s antitrust division said Friday that the merger would likely improve competition “across the media and entertainment ecosystem, with benefits for American consumers and workers.” The combination of Paramount and Warner stands to reshape the entertainment industry by putting two legacy movie and TV studios, as well as multiple news outlets, streaming platforms and cable networks under one roof.

The unconditional clearance removes the primary federal regulatory hurdle standing between the two media giants and what would be one of the largest media combinations in history. Politico's report was corroborated by Newsmax and Quiver Quantitative, each also citing people familiar with the matter, though an official DOJ press release had not been published as of this writing.

The Justice Department has approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, as expected.

(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close

The stock now offers a 17% return to the deal price. That’s a really wide spread for a takeover deal, considering the target closing date.

HBO’s ‘House of the Dragon,’ Hulu’s ‘The Bear’ and Apple’s ‘Cape Fear’ will try to compete with the World Cup

Paramount's (PSKY) largest Hollywood gamble is already under pressure. The company’s proposed $110 billion deal for Warner Bros. Discovery (WBD)merges two media powerhouses at a time when traditional entertainment firms are grappling with streaming losses, decreasing cable audiences, and growing ...

(Bloomberg) -- It began as a concession in private conversations to assuage wary credit analysts looking at Paramount Skydance Corp.’s blockbuster takeover of Warner Bros. Discovery Inc.: a verbal pledge by the Ellison family to do whatever it takes to slash debt at the combined company.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia

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Warner Bros. Discovery Stock Edges Lower as Paramount Skydance Readies for Legal Fight

(Bloomberg) -- Bankers are preparing to sell $49 billion of debt to back Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc., in one of the most highly-anticipated financing deals of the year.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersNATO Is Starting to Consider Hormuz Mission to Protect ShipsHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS 30-Year Yield Hits Highest Since 2007 as Selloff DeepensTrump Threatens Iran With ‘Bi

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Moby summary of Warner Bros. Discovery, Inc.'s Q1 2026 earnings call

Warner Bros. Discovery (NASDAQ:WBD) executives highlighted subscriber growth at HBO Max, continued momentum at the company’s studios, and improving trends across linear networks during the company’s first-quarter 2026 earnings call. Management also noted that it would not take questions about the pr

The media and entertainment company’s huge loss came after recording a $2.8 billion termination fee that was triggered when Paramount Skydance beat out Netflix to acquire Warner.