The Paramount-Warner Bros. clock is ticking: what’s next for the megamerger amid the antitrust battle with the states?0

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• July 23, 2026

David Ellison may have believed that Paramount Skydance could have closed its $111 billion acquisition of Warner Bros. Discovery by now. The deal was approved by the Justice Department in June (apparently over the objections of staff reviewing it). It has been officially cleared by the EU, and Paramount agreed to the relatively minor concession