DOJ Expected to Approve Paramount's $110 Billion Warner Bros. Discovery Merger

U.S. antitrust regulators signaled approval for Paramount to acquire Warner Bros. Discovery following a May 26 DOJ meeting. The $110 billion deal, backed by the Ellison Family Trust, would merge CBS, CNN, HBO, and Warner Bros. studios into one company. Such staff signals typically precede formal clearance, making a Q3 2026 close likely.