US Department of Justice approves $111 billion Paramount Skydance buyout of Warner Bros Discovery

The United States Department of Justice has approved Paramount Skydance’s acquisition of Warner Bros Discovery in a deal valued at $111 billion, clearing the way for the creation of one of the world’s largest entertainment conglomerates.

According to a department announcement, the investigation into the deal was “thorough” and concluded that the merger is not expected to harm competition or consumers. Instead, the department stated the move could potentially strengthen competition within the...