LOS ANGELES and NEW YORK, Aug. 14, 2026 /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") has satisfied all regulatory clearances required under the merger agreement to close its proposed acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD").
The odds of the Hollywood megamerger happening appear to be improving, judging by recent stock moves.
Paramount Skydance is keeping all options, including a possible sale of CNN, "on the table" to resolve California's antitrust suit challenging its $110 billion acquisition of Warner Bros Discovery , the company's chief legal officer said.
Paramount CEO David Ellison told a group of the company's top executives that he will start the process of exiting California on Oct. 1 if State Attorney General Rob Bonta will not negotiate to settle an antitrust suit around the merger with Warner Bros. Discovery. Ellison made the remarks at a meeting last week.
David Ellison's bid to merge PSKY with Warner Bros. Discovery is now being challenged on antitrust grounds.
Paramount's antitrust commitments in the UK to secure approval for its $111 billion Warner Bros. Discovery deal strengthens the hand of the 12 state attorneys general suing to block the merger.
Lionsgate CEO Jon Feltheimer went to bat Thursday for Paramount CEO David Ellison and the company's hung-up merger with Warner Bros. Discovery.