Saturday, June 13, 2026

Trump’s DOJ reportedly approves Paramount Skydance’s $110bn takeover of Warner Bros Discovery – US politics live

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Department of Justice antitrust division approves takeover of Warner Bros Discovery by Trump ally David Ellison – report

The US Department of Justice’s antitrust division has approved the $110bn acquisition of Warner Bros Discovery by Donald Trump’s ally David Ellison though Paramount Skydance, Politico reports.

If the takeover is completed, it would give the pro-Trump billionaire control of not just CBS News, but also CNN. Ellison, a Trump supporter, is currently overseeing what CBS News veterans have called the destruction of CBS News as a non-partisan news organization.

Last week, in an Oval Office tirade directed at the CNN host Kaitlan Collins, Trump spoke as if the takeover was already assured and suggested that the broadcaster would soon stop asking him uncomfortable questions.

“CNN’s a very corrupt organization, with a corrupt reporter standing right there,” he said. “CNN does such false reporting. But now they have new ownership, so maybe they’ll straighten it out.”

Ellison has already appointed a conservative opinion journalist, Bari Weiss, to oversee CBS News, leading to a wave of firings at 60 Minutes. Before his acquisition of the CBS owner Paramount was approved, the broadcaster announced that one prominent late-night critic of Trump, Stephen Colbert, would lose his show. Acquiring Warner Bros would also give Ellison control over HBO and so the weekly broadcast of another Trump critic, John Oliver.

Share

Updated at 

Key events

Jeremy Barr

Donald Trump’s Department of Justice has decided to approve the $111bn merger of Paramount Skydance, controlled by the Ellison family, and Warner Bros Discovery, the parent company of networks like CNN and HBO.

The deal was approved by the justice department’s anti-trust division after months of review, and despite the concerns of many people in the entertainment and media industries who believe it will hurt competition by reducing the number of film studios and – most likely – merging two news networks, Paramount’s CBS News and CNN.

“The Division has completed its analysis of the proposed merger of Paramount and Warner Bros and determined based on the evidence received in its investigation that the transaction is not likely to result in harm to competition or American consumers, including with respect to: (1) streaming video on demand (“SVOD”); (2) linear television; and (3) studio development, production, or distribution of films for theatrical release,” the agency said on Friday evening.

While the US government’s approval is a major win for the deal, hurdles remain. Earlier this week, the UK competition watchdog opened an investigation into the merger to determine whether it will result in a “substantial lessening of competition” in the UK. The Competition and Markets Authority (CMA) set a 7 August deadline to determine whether the merger requires a more in-depth review. In addition to reviewing the deal, European regulators are investigating the funding behind the merger; three sovereign-wealth funds in the Gulf have committed a combined $24bn. Both reviews have July deadlines.

source

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Never miss any important news. Subscribe to our newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Never miss any important news. Subscribe to our newsletter.

Recent News

Editor's Pick