DOJ clears Paramount’s $111 billion Warner Bros takeover (opens in new tab)

The U.S. Justice Department closed its antitrust investigation into Paramount Skydance’s planned purchase of Warner Bros. Discovery, clearing a major federal hurdle for a media deal valued at roughly $110 billion to $111 billion. The Antitrust Division said the transaction “is not likely” to harm competition or American consumers in streaming video, traditional television, or film production and distribution. The deal would put Paramount Pictures, Warner Bros. Studios, CBS, CNN, HBO, Paramoun...