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Will Paramount close Warner Bros. acquisition by end of 2026?

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Bulls Say, Bears Say

Bulls Say

Deal has been announced and regulatory review is underway — 67% reflects strong base case for completion

Media consolidation trend and political support under current administration favor approval

Both companies have strong incentives to complete the merger given competitive streaming pressures

Bears Say

Regulatory risk is real — DOJ/FTC could challenge media consolidation on antitrust grounds

Deal integration complexity and balance sheet concerns could cause either party to walk

33% NO reflects meaningful probability of regulatory block or deal collapse