The Antitrust Division of the U.S. Department of Justice announced that it closed its investigation into the proposed acquisition of Warner Bros. Discovery (WBD) by Paramount Skydance Corporation (PSKY). After completing its analysis, the Division determined that the transaction is not likely to result in harm to competition or American consumers.
In February 2026, Paramount Skydance announced it had entered into a definitive merger agreement to acquire Warner Bros. Discovery Inc. The all-cash transaction is valued at $81 billion in equity and $110 billion in enterprise value, positioning Paramount as a premier global media and entertainment powerhouse.
The announcement followed a dramatic turn in the industry, as Netflix declined to raise its offer for WBD, effectively clearing the path for Paramount to move forward with its $81 billion bid.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.