Paramount claims that the acquisition of Warner Bros. has received preliminary antitrust approval from the U.S. Department of Justice

AASTOCKS
2026.02.20 17:07

Paramount Skydance (PSKY.US) and Netflix (NFLX.US) are competing to acquire Warner Bros. (WBD.US) assets. Paramount stated on Friday that its $77.9 billion acquisition plan has passed a key antitrust review by the U.S. Department of Justice, completing the second review requirement.

However, Paramount still faces several obstacles to successfully complete the deal. Warner Bros. Discovery agreed to re-engage after Paramount submitted a revised hostile takeover bid and indicated a willingness to raise its offer by $1 to $31 per share.

Regulatory documents submitted by Paramount on Friday acknowledged that any transaction completion is still subject to several conditions, including signing a final merger agreement with Warner Bros. Discovery, obtaining shareholder approval, and receiving regulatory clearance from other jurisdictions. The company also stated that it has obtained approval for foreign investment review in Germany, but still requires consent from the European Union

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