Paramount Skydance Corporation and Warner Bros. Discovery Merger Update

Paramount Skydance Corporation (PSKY) reported on June 17, 2026, that it received unconditional clearance for its merger with Warner Bros. Discovery (WBD) from the Chinese antitrust authority. Additionally, the U.S. Department of Justice (DOJ) closed its investigation into the merger, stating it is not likely to harm competition or American consumers in the streaming, linear television, or film production/distribution markets. PSKY also received unconditional approval from the Spanish foreign direct investment authority on June 11, 2026. The report includes a cautionary note on forward-looking statements related to the merger, highlighting various risks and uncertainties that could affect the outcome and realization of expected benefits. These risks include regulatory approvals, potential disruptions, integration challenges, financial performance, and market conditions.