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DOJ cleared Paramount-WBD deal June 12, 2026 without conditions or required divestitures; nine state AGs mounting a separate challenge
Paramount Skydance won the five-month bidding war for Warner Bros. Discovery. WBD shareholders voted in April 2026 to accept Paramount's $31-per-share all-cash offer—valued at roughly $111 billion including debt. Netflix declined to match the price in February and walked away with a $2.8 billion breakup fee.
Updated Jun 13
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