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Paramount Cleared for Warner Bros Deal

A US judge approved Paramount and Warner Bros merging after settling antitrust concerns. Mattel CEO Ynon Kreiz will join as co-CEO to run the combined media giant.

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FILE PHOTO: The Paramount Studio lot in Hollywood, Los Angeles, California, US, September 17, 2026. REUTERS/Daniel Cole/File Photo

PARAMOUNT SKYDANCE CL B secured court approval on Wednesday to close its $110 billion acquisition of WARNER BROS DISCOVERY INC while appointing Ynon Kreiz as co-CEO. The ruling clears the final legal hurdle for one of the largest media mergers in history. The combined company aims to capture over $6 billion in cost savings.
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