US justice department approves $111bn merger of Paramount and Warner Bros Discovery (opens in new tab)

Deal still under UK scrutiny with new investigation, and could face lawsuit from state attorneys general’s Department of Justice has decided to approve the $111bn merger of Paramount Skydance, controlled by the Ellison family, and Warner Bros Discovery, the parent company of networks like CNN and HBO.The deal was approved by the justice department’s anti-trust division after months of review, and despite the concerns of many people in the entertainment and media industries who believe it will...