U.S. DOJ clears Paramount Skydance’s planned acquisition of Warner Bros. – National
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The U.S. Justice Department’s Antitrust Division said it has cleared Paramount Skydance Corp’s planned $110 billion acquisition of Warner Bros. Discovery.
Department of Justice officials said in a statement released late on Friday that it determined the transaction did not pose a threat to competition in streaming, the traditional television business or film.The clearance gives Paramount another regulatory green light to point to as it seeks to ward off a potential challenge to the deal by states.In April, Paramount also asked the Federal Communications Commission (FCC) to approve foreign investments backing the acquisition. U.S. senators have raised concerns about Middle Eastern sovereig...





