Paramount clears US antitrust review for Warner Bros Discovery acquisition

Paramount Skydance Corporation received clearance from U.S. antitrust regulators for its proposed all-cash acquisition of Warner Bros. Discovery, Inc., the company announced. The 10-day statutory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on February 19, 2026, at 11:59 p.m. Eastern Time.

The expiration removes statutory impediments in the U.S. for closing the transaction. The acquisition remains subject to other conditions, including a definitive merger agreement with Warner Bros. Discovery, shareholder approval, and regulatory clearance in other jurisdictions.

Paramount stated it continues to engage with antitrust enforcers and regulators globally to secure necessary clearances and approvals. The company previously received clearance from German foreign investment authorities on January 27, 2026.

The Hart-Scott-Rodino Act requires companies to notify federal antitrust agencies of large mergers and acquisitions before completion. The Department of Justice issued a Second Request for Information to Paramount on December 23, 2025, extending the review period.

Warner Bros. Discovery operates cable television networks, streaming services, and film studios. Paramount Skydance Corporation owns television networks, film studios, and streaming platforms.

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