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Benny Johnson reports that a federal judge has cleared the way for Paramount to complete its $110 billion acquisition of Warner Bros. Discovery.
The move will bring Paramount, CBS, and Warner Bros. Discovery—including major networks and studios like CNN, HBO, and Warner Bros.—under the same corporate ownership.
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Earlier coverage by Benny Johnson noted that Trump donors, including Larry and David Ellison, are expected to acquire CNN as part of the ongoing merger between Paramount and Warner Bros. See article. Johnson has also reported on broader corporate shifts, such as Nike’s removal from the S&P 100 following a nearly 80 percent stock decline in five years here. These developments come as major media and consumer brands reevaluate strategy amid large-scale acquisitions.