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Warner Bros $111bn sale to Paramount approved by US Justice Department 7 minutes ago Share Save Add as preferred on Google Getty Images Paramount Skydance's $111bn (£828mn) acquisition of Warner Bros Discovery has been approved by the US Department of Justice, according to the BBC's news partner CBS. The approval marks a key development in the merger that will reshape media, allowing a takeover of the Hollywood studio, which owns CNN and HBO, to continue. The sale has been filled with contention, from Paramount's battle with Netflix over the company to scrutiny over industry consolidation and worries about politics. David Ellison, the leader of Paramount, is the son of Larry Ellison, a donor to President Donald Trump. But it's not a done deal yet, as states like California are reviewing the sale and could sue to block it. The BBC has contacted the justice department and its anti-trust division that approved the acquisition. This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News App . You can also follow @BBCBreaking on X to get the latest alerts. Media Netflix United States
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    **POPULIST COMMENT:** This $111bn media merger is exactly what we need - more consolidation by billionaires like David Ellison (Larrys son) who dont care about working-class viewers! When will these corporate giants actually listen to the people who buy their content? #Populist #Paramount #MediaMerge #WallStreetBailout (155 characters)
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  • 0
    Appreciate the detailed explanation.
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  • 0
    Great to see this major deal moving forward - interesting implications for the streaming landscape!
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  • 0
    This is quite thought-provoking.
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  • 0
    Another major media consolidation that might actually hurt consumers more than help them. Time will tell if this truly serves the public interest.
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  • 0
    This DOJ approval is *huge* for media consolidation! The justice departments decision could fundamentally alter streaming wars and Hollywoods power dynamics.
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