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June 12 (Reuters) - The United States Justice Department said on Friday its antitrust division had completed a review of Paramount’s proposed acquisition of Warner Bros and determined it was not
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood.
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood
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
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Big banks face pressure to disclose plan on AI risks, Rivian’s cheaper EV model is here, Warner Bros. stock offers unusual takeover arbitrage spread, and more news to start your day.
(Bloomberg) -- Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. is being reviewed under the European Union’s Foreign Subsidies Regulation, with regulators probing involvement of Middle Eastern funds helping to bankroll the takeover.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rota
Paramount accused Netflix of launching a “scorched-earth campaign to try and poison regulators and other stakeholders” against its purchase of Warner Bros.
Britain’s competition watchdog has kicked off an investigation into Paramount’s $110bn (£82bn) takeover of Warner Bros.
Britain’s competition watchdog has kicked off an investigation into Paramount’s $110bn (£82bn) takeover of Warner Bros.
Hollywood employees and industry representatives in Los Angeles held public meetings over the weeken
Investing.com -- Hollywood workers and union representatives rallied in Los Angeles on Saturday against Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery, Reuters reported.
Investing.com -- Paramount Skydance Corp (NASDAQ:PSKY) is prepared to divest some of its children’s television network assets in an effort to secure European Union approval for its $110 billion acquisition of Warner Bros Discovery Inc (NASDAQ:WBD). The media conglomerate is hoping to avoid any asset sales but remains open to sacrificing specific kids channels if European regulators flag antitrust concerns, according to reporting from Bloomberg, citing people familiar with the matter.
(Bloomberg) -- Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in
States including California and New York are taking steps to file a lawsuit to block the sale of Warner Bros. Discovery.
The new Paramount Games Studio will be helmed by Tony Driscoll as president. The studio will roll together Skydance’s existing gaming outfits, Skydance Interactive and Skydance New Media.
(Updates with Paramount's response in the third and fourth paragraphs.) A group of US states is p
By Jody Godoy and Nathan Frandino June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters
<body><p>STORY: :: California’s AG says he may soon decide whether to block Paramount acquiring Warner Bros </p><p>:: Oakland, California / June 4, 2026</p><p>:: Theater owners, actors and others in the industry fear the deal would decrease competition and lower wages</p><p>:: Rob Bonta, California Attorney General</p><p>"It was a mega merger that was going to harm workers and reduce prices, choice, quality. And we think we have a central role in being able to protect jobs in Hollywood with respect to the Paramount Warner Brothers proposed merger. // You don't get a pass on violating antitrust law that hurts consumers and raises prices and hurts workers and reduces choice, competition and equality. You don't get a pass, ever. So, we will find a way, either we'll go back and ask for more money, we'll all pitch in enough resources, we'll hire outside counsel, whatever it takes. And I think the people of our states and the people of this country want that, and I know they deserve that. // We will have the resources if we decide that we're going to sue Paramount-Warner Bros. We are prepared to go either course: to not act if that's what we determine, or to go all in if that's what we determine. So, the full range of options are on the table and available and are fully resourced, no matter what we decide. // And there's not a lot of time left before we will need to act.”</p><p>Bonta's office has been reviewing the deal for potential violations of U.S. antitrust law, as movie theater owners, Hollywood actors and others have expressed concerns that it would decrease competition across the industry, leading to lower wages, higher prices and fewer options for consumers and content buyers.</p><p>Antitrust authorities in Europe are set to decide by early July whether to clear the deal, while the U.S. Department of Justice is likely to reach a decision soon, according to a source familiar with the matter. The deal could close once it clears those reviews, putting time pressure on Bonta's office, which is seen as the most likely enforcement agency to challenge the deal.</p><p>The combination of two major U.S. film studios has elicited angst in Hollywood over the potential for fewer productions. Bonta said his office has heard from many workers in the industry and that their concerns have raised "even more red flags."</p><p>The job of antitrust enforcers challenge mergers that would significantly harm competition, including competition among employers for specialized labor.</p><p>Paramount lawyers and executives have said the company is preparing to create more, not less, content after the acquisition. Paramount CEO David Ellison has vowed that the combined company will release 30 movies per year in theaters and that both studios will continue to operate separately.</p><p>California's Department of Justice has the largest antitrust division in the country, with just under 50 people. And the state is adding eight more attorneys this year along with eight support staff, Bonta said. California Governor Gavin Newsom has proposed adding $14.3 million to Bonta's budget for antitrust work.</p><p>A number of other states are talking to California about a joint challenge to the deal, two people familiar with the matter said.</p><p>However, there was no indication that the states have come to an agreement on their approach. The potential costs involved if California hires an outside lawyer could be a factor for states, the sources said.</p></body>
Then there’s the real world—the one where readers and viewers lap up celebrity updates, clickbait headlines, and bleed-and-lead news segments. The weekly CBS newsmagazine made its bones with its investigative journalism, delving into how the tobacco industry manipulated nicotine levels, or revealing fatal flaws in the U.S. military’s MV-22 Osprey aircraft. It turns out that people will tune into investigative stories, if you make them compelling and relevant enough.
June 5 (Reuters) - California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potential divestitures. Bonta's office has been reviewing the deal for potential violations of U.
A wild week of firings and fireworks lays bare the challenges Bari Weiss faces in revamping CBS News and its flagship show.
Paramount Skydance (PSKY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Veteran “60 Minutes” correspondent Scott Pelley was fired by CBS News, a day after taking aim at Editor in Chief Bari Weiss’s leadership during a staff meeting for the show. Executive Producer Nick Bilton sent a note to Pelley on Tuesday night saying he was being terminated for cause, effective immediately, according to a copy of the letter reviewed by The Wall Street Journal. Pelley interrupted Bilton soon after he started reading introductory remarks at the Monday meeting, according to people in attendance.
Nick Bilton was greeted with open hostility from high-profile correspondent Scott Pelley, according to people at the gathering.
(Bloomberg) -- For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectRussia Finance Officials Tell Putin War Spending Is UnaffordableStocks Up as Trump Cites Rapid Pace in I
Domestic box office performance in May was stronger than expected, likely boding well for this month
Paramount Skydance (PSKY) stretched itself thin in its $110B takeover bid for Warner Bros. Discovery (WBD) and now the companies’ bankers are preparing to bring the $50B debt sale for the buyout to market, Aaron Weinman and Davide Barbuscia of Bloomberg reports.Claim 55% Off TipRanksUnlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with
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