Warner Bros. Discovery has significantly outperformed the Communication Services sector over the past year, but analysts are cautious about the stock’s prospects.
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WHATS NEWS BUSINESS FINANCE Oil prices fell, bonds rallied and the Dow industrials closed at a record 51671.03 after Trump announced a deal to end the war with Iran and reopen the Strait of Hormuz. The Justice Department’s senior leadership closed an investigation of Paramount Skydance’s bid for Warner Bros.
Department staffers investigating the Warner acquisition were leaning toward recommending a challenge to the merger, people familiar with the matter say.
June S&P 500 E-Mini futures (ESM26) are up +1.22%, and June Nasdaq 100 E-Mini futures (NQM26) are up +1.99% this morning, pointing to a sharply higher open on Wall Street as oil prices sank after the U.S. and Iran reached an interim peace deal that would reopen the Strait of Hormuz.
U.S. Justice Department grants unconditional clearance for Paramount Skydance's acquisition of Warner Bros. Discovery. Approval removes a major federal antitrust hurdle, with no required divestitures or behavioral remedies. Deal still faces ongoing review from European regulators and possible legal challenges from state attorneys general. For investors watching NasdaqGS:PSKY, the unconditional clearance comes with the stock trading at $10.47. The company has seen mixed recent performance,...
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Hollywood’s domestic box office sales are tracking 13% ahead of last year at this point, and summer box office is outpacing last summer.
Sunday’s fights at the White House promise a violent show and a chance for the president to project power and reconnect with young men.

<body><p>STORY: The U.S. Justice Department's (DOJ) Antitrust Division said it has cleared Paramount Skydance Corp's planned acquisition of Warner Bros. Discovery.</p><p>It said the $110 billion transaction was unlikely to harm competition or consumers,</p><p>saying its impact "will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers."</p><p>Paramount thanked the DOJ for its review of the transaction.</p><p>It said the deal would allow the company to better compete in an industry defined by an intense scramble for audiences, talent, technology and investment.</p><p>Paramount CEO David Ellison's father, billionaire Oracle co-founder Larry Ellison, has cultivated ties with President Donald Trump.</p><p>Assistant Attorney General Omeed Assefi had said that politics would "absolutely not" drive the DOJ's review of the transaction.</p><p>The Federal Communications Commission has yet to approve Paramount's petition for foreign investors to own up to 100% of the deal's debt.</p><p>Several in Hollywood have expressed concern that the merger would result in fewer jobs and less diversity of storytelling.</p><p>Sources familiar with the matter told Reuters last week that California, New York and other U.S. states are preparing a lawsuit to block the deal.</p></body>
The deal would combine Warner Bros. Discovery’s studios, cable networks and streaming assets with Paramount’s film, TV and streaming businesses.
The Justice Department has cleared Paramount $81 billion purchase of Warner Bros. Discovery removing one hurdle for the entertainment companies’ megadeal. The department’s antitrust division said Friday that the merger would likely improve competition “across the media and entertainment ecosystem, with benefits for American consumers and workers.” The combination of Paramount and Warner stands to reshape the entertainment industry by putting two legacy movie and TV studios, as well as multiple news outlets, streaming platforms and cable networks under one roof.
The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.
The unconditional clearance removes the primary federal regulatory hurdle standing between the two media giants and what would be one of the largest media combinations in history. Politico's report was corroborated by Newsmax and Quiver Quantitative, each also citing people familiar with the matter, though an official DOJ press release had not been published as of this writing.
June 12 (Reuters) - The United States Justice Department said on Friday its antitrust division had completed a review of Paramount’s proposed acquisition of Warner Bros and determined it was not
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood.
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood
The Justice Department has approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, as expected.
(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close
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Paramount accused Netflix of launching a “scorched-earth campaign to try and poison regulators and other stakeholders” against its purchase of Warner Bros.
Britain’s competition watchdog has kicked off an investigation into Paramount’s $110bn (£82bn) takeover of Warner Bros.
Britain’s competition watchdog has kicked off an investigation into Paramount’s $110bn (£82bn) takeover of Warner Bros.
Hollywood employees and industry representatives in Los Angeles held public meetings over the weeken
Investing.com -- Hollywood workers and union representatives rallied in Los Angeles on Saturday against Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery, Reuters reported.
Investing.com -- Paramount Skydance Corp (NASDAQ:PSKY) is prepared to divest some of its children’s television network assets in an effort to secure European Union approval for its $110 billion acquisition of Warner Bros Discovery Inc (NASDAQ:WBD). The media conglomerate is hoping to avoid any asset sales but remains open to sacrificing specific kids channels if European regulators flag antitrust concerns, according to reporting from Bloomberg, citing people familiar with the matter.
(Bloomberg) -- Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says He, Not Congress, Is in
States including California and New York are taking steps to file a lawsuit to block the sale of Warner Bros. Discovery.