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U.S. Justice Department Clears Paramount's Bid for Warner Bros. Discovery

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First reported by Ynet · Jun 12, 2026

What happened

The U.S. Justice Department approved Paramount’s bid to buy Warner Bros. Discovery, a deal that would put CNN, HBO, and Warner Bros. under the Ellison family’s control. The merger still faces legal and regulatory hurdles in the U.S. and abroad, with a September 30 closing deadline and a $7 million daily penalty if it slips.

01Justice Department approved Paramount’s bid for Warner Bros. Discovery on Saturday.
02The merger would hand David Ellison control of CNN, HBO, and Warner Bros. studios.
03Larry Ellison is reportedly providing about $45.7 billion in financing.
04New York and California may challenge the deal, and reviews continue in Britain and Europe.
05Paramount must close by September 30 or pay $7 million a day.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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