$PSKY rises 3% after DOJ clears roughly $110B $WBD deal

$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.