DOJ approves Paramount Skydance’s acquisition of Warner Bros. Discovery (opens original article in a new tab)

The Justice Department has approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, allowing the merger of two major Hollywood studios despite ongoing legal challenges and concerns about media consolidation.

• Justice Department approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.
• The merger faces potential legal challenges from state attorneys general and concerns about media consolidation.
• The deal is partially funded by Middle Eastern sovereign wealth funds and has drawn criticism from lawmakers and industry professionals.