US Justice Department approves Paramount-Warner Bros. merger
AI Summary
The U.S. Department of Justice approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without requiring divestitures or other regulatory conditions. The deal consolidates major entertainment assets—including CBS, CNN, HBO, and multiple film franchises—under a single company, though it still faces potential legal challenges from state attorneys general and ongoing regulatory scrutiny in the UK.
The decision is major win for a deal backed by billionaire Larry Ellison, a close ally of President Donald Trump, but has left parts of Hollywood wary of further job cuts and shrinking production. ...
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