Recent judicial approval of Paramount Skydance’s settlement with 12 states has cleared the final antitrust hurdle, enabling the $110–111 billion Warner Bros. Discovery acquisition to close on October 6, 2026—well ahead of the 2026 deadline. Prior milestones, including DOJ clearance, shareholder votes, and international regulatory sign-offs, combined with behavioral remedies on film releases and editorial independence, have produced overwhelming trader consensus at 99.2% implied probability for “Yes.” With the transaction date now days away, realistic remaining risks are limited to minor administrative or financing technicalities rather than substantive delays or interventions.