Paramount Skydance (NASDAQ:PSKY) has cleared a major regulatory hurdle in its proposed $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) after the U.S. Department of Justice concluded that the transaction is unlikely to harm competition or consumers.
DOJ Clears Paramount-Warner Bros. Discovery Merger
On Friday, the Justice Department said it completed its review of the proposed merger and found no evidence suggesting the combination would substantially reduce competition in the media and entertainment industry.
“Based on the evidence received in its investigation,” the department found "that the transaction is not likely to result in harm to competition or American consumers.”
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