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Paramount Moves to Dismiss Lawsuit Blocking $111B Warner Deal

6/5/2026

Summary

Paramount Seeks Dismissal

Paramount Global filed a June 3 motion to dismiss the lawsuit blocking its $111 billion Warner Bros. Discovery acquisition.
The merger would let the streaming service compete with Netflix, Amazon Prime Video and Disney+.
Saudi Arabia, Qatar and Abu Dhabi will own 49.5% of the company and have pledged $24 billion.
Analysts estimate the $110 billion deal will create $79 billion of net debt while 5,500 Hollywood professionals oppose it, citing job cuts and higher prices.

Summary

Lawmakers Demand Review

Sen. Elizabeth Warren, Sen. Adam Schiff, Sen. Richard Blumenthal and Rep. Liccardo asked Treasury Secretary Scott Bessent to initiate a CFIUS review of the Paramount-Warner Bros. merger, which is 49.5% foreign, including 38.5% from Saudi, Qatar and Abu Dhabi funds.
Lawmakers warned the merger could let investors see data of Americans and shape content, noting that FCC Chair Brendan Carr affirmed CFIUS’s role while Treasury’s reply restated principles and ignored request.

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Paramount Seeks Dismissal

Paramount Global filed a June 3 motion to dismiss the lawsuit blocking its $111 billion Warner Bros. Discovery acquisition.
The merger would let the streaming service compete with Netflix, Amazon Prime Video and Disney+.
Saudi Arabia, Qatar and Abu Dhabi will own 49.5% of the company and have pledged $24 billion.
Analysts estimate the $110 billion deal will create $79 billion of net debt while 5,500 Hollywood professionals oppose it, citing job cuts and higher prices.

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