The US Justice Department approved Paramount's acquisition of Warner Bros. Discovery on Friday without demanding any changes to the controversial $110 billion (€95 billion) deal.
Concluding an eight-month review, officials said antitrust regulators found no evidence that the massive merger between two former rivals would harm consumers.
Paramount's takeover of Warner Bros. is expected to "increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers," the Justice Department said in a statement.
Paramount has argued that the new, joint media company would be able to combine streaming libraries of HBO Max and Paramount+, providing more value to users. They also claim the merger would put additional pressure on streaming platforms like Disney+ and Neflix to keep up.
What have opponents of the merger said?
