Updated
Updated · Bloomberg · Jun 18
California AG Bonta Slams DOJ Clearance of Paramount’s $110 Billion Warner Bros Discovery Deal
Updated
Updated · Bloomberg · Jun 18

California AG Bonta Slams DOJ Clearance of Paramount’s $110 Billion Warner Bros Discovery Deal

3 articles · Updated · Bloomberg · Jun 18

Summary

  • Rob Bonta called the Justice Department’s statement clearing Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery “shameless” in a Thursday interview with Bloomberg.
  • Bonta said the Trump administration’s antitrust enforcers appear to have abandoned the federal government’s traditional approach to merger review, framing his criticism as a broader attack on DOJ policy.
  • Several states are now weighing a possible challenge to the transaction, signaling the deal could still face scrutiny even after federal clearance.
  • The clash sets up a state-versus-federal test over one of the media industry’s biggest proposed combinations and how aggressively mergers will be policed.

Insights

Can state lawsuits derail the $110B Paramount-Warner merger now that federal regulators have already approved it?
With WBD losing billions, is this media mega-merger a recipe for success or a debt-fueled disaster?
As Hollywood giants consolidate, are consumers and creators about to lose out in the streaming wars?