The US Justice Department on Friday cleared Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery, handing a major win to a media empire financed by one of President Donald Trump’s closest billionaire allies.
The Antitrust Division approved the blockbuster deal without demanding a single change, capping an eight-month review and clearing the way for one of the largest media mergers in years.
It said the tie-up was “not likely to result in harm to competition or American consumers” — and could even increase competition.
The approval is a coup for Paramount chief executive David Ellison, whose father, Oracle co-founder Larry Ellison, largely financed the takeover.
The elder Ellison, one of the world’s richest men, is a close ally of Trump.
