The decision paves the way for a proposed $111 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.
Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery The decision paves the way for a proposed $111 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.
Updated June 12, 20267:43 PM ET
Originally published June 12, 20266:29 PM ET
The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles.
Nick Ut/AP
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