$PSKY rises 3% after DOJ clears roughly $110B $WBD deal
Original: Paramount-WBD merger wins approval from DOJ View original →
$PSKY moved about 3% higher in after-hours trading after the U.S. Department of Justice cleared Paramount Skydance's proposed acquisition of Warner Bros. Discovery $WBD. CNBC described the transaction as a roughly $110B deal and said the DOJ found it was not likely to harm competition or American consumers.
The federal antitrust clearance removes the largest U.S. regulatory hurdle, but it does not close the transaction. California Attorney General Rob Bonta's office said the deal remains under investigation by the California Department of Justice, while European regulators have opened their own review with a July 14 deadline.
| Metric | Figure | Status |
|---|---|---|
| Deal value | Roughly $110B | CNBC transaction size |
| Offer price | $31 per WBD share | Late-February proposal |
| $PSKY reaction | About +3% after hours | After DOJ approval report |
| U.S. federal antitrust | Cleared | DOJ determination |
| EU review deadline | July 14 | Regulator timetable |
The assets at stake include CNN, TBS, the Warner Bros. studio, and HBO Max. Paramount said the combination would create a stronger company better positioned to compete with dominant technology platforms. WBD shareholders have already approved the merger, and Paramount CEO David Ellison previously told investors the deal was on track to close by September.
The next issue is execution risk rather than headline valuation. A ticking fee starts after September, CNBC reported, making delays more expensive. Investors will watch state attorney-general actions, EU conditions, and any revised financing disclosures before closing.
Not investment advice. Verify all figures with primary sources before acting.
Related Articles
GSK $GSK agreed to acquire Nuvalent $NUVL for $10.6B in cash, offering $124 a share and a 40% premium to Nuvalent’s prior close. The transaction gives GSK two late-stage lung-cancer assets under U.S. FDA review for 2026 approvals.
Hugo Boss shares rose 8% after Frasers Group launched a $2B takeover offer, according to CNBC. Frasers already owns roughly 26% of the German fashion group, making the bid a material European retail M&A event.
A federal judge blocked Nexstar Media Group $NXST from further integrating Tegna $TGNA while an antitrust case proceeds. The $6.2B deal would combine 228 stations reaching 80% of U.S. TV households, according to court filings and state attorneys general.