Paramount and Warner Bros' deal is about merging studios, and a whole lot moretoggle caption Mark Schiefelbein/AP/APWarner Bros. "But in practice, the Justice Department has discretion on whether to challenge these mergers," Posner tells NPR. Last month, the Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of a wireless tech competitor. The shadow cast over the process by the president has inspired sharp criticism of the path that Paramount and the Ellisons took to land the Warner deal. Perceived value beyond the bottom lineThe deal David Ellison struck for Warner is valued at nearly $111 billion.

Source: CNN February 27, 2026 19:54 UTC