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Antitrust & Trade Reg.

Oct. 1, 2026

Paramount-Warner Bros. merger wins final court approval

An Oakland federal judge approved Paramount Skydance's acquisition of Warner Bros. Discovery over objections from advocacy groups, cementing a deal with 12 state attorneys general that requires no studio or cable-network divestitures.

An Oakland federal judge on Wednesday approved Paramount Skydance Corp.'s acquisition of Warner Bros. Discovery Inc., resolving objections by California Attorney General Rob Bonta and 11 other state attorneys general to the Hollywood merger largely on the acquirer's terms.

Several advocacy organizations called on U.S. District Judge Araceli Martinez-Olguin to reject the deal, while New Jersey Sen. Cory Booker asked her to consider appointing an independent economic expert ...

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