According to Politico:

After an extensive review, DOJ officials determined the transaction did not pose a threat to competition and declined to challenge it, said the people, who were granted anonymity to discuss sensitive matters. The department approved the merger without requiring any divestitures, behavioral remedies or concessions, according to one of the people.

All Elite Wrestling holds a media rights deal with WBD through the end of 2027, with an option for 2028. AEW television and pay-per-views currently stream on HBO Max. Once the acquisition closes, Paramount+ and HBO Max are expected to combine into one streaming platform. It is too early to know where AEW programming will land after the deal is finalized and integration plans are settled.