Warner Bros. shares climbed after regulators approved its $111 billion sale to Paramount Skydance, pending a Friday announcement.
Warner Bros. Discovery (WBD) gained 0.6% in after-hours trading following reports the Justice Department’s antitrust division approved its $111 billion sale to Paramount Skydance (PSKY). The decision is expected to be formally announced on Friday.
The deal, one of the largest in media history, faced scrutiny over potential antitrust concerns. Prior regulatory reviews of similar mergers, such as Disney-Fox, took months to resolve, but this approval suggests a smoother path forward.
Shares reacted modestly to the news, reflecting investor caution ahead of the official announcement.