Report: U.S. Justice Department Signs Off On Paramount’s WBD Acquisition (opens in new tab)

According to the Hollywood Reporter, the United States Justice Department has approved Paramount's acquisition of Warner Bros. Discovery, officially clearing the deal on Friday. The report indicates that this approval clears the way for the $111 billion deal, which was announced in February. Paramount won the bidding war against Netflix, which had initially announced a deal to purchase Warner Bros. However, Paramount launched a competing bid, leading Warner Bros. Discovery (WBD) to reopen neg...