The mega-merger is "unlikely to have the effect of substantially lessening competition in relation to the wholesale supply of films for theatrical release in Australia."

The UK's competition watchdog has launched a formal merger enquiry into Paramount Skydance's anticipated $110bn (£86bn) acquisitoon of WBD

The deadline for the Competition and Markets Authority to decide on a possible phase 2 investigation is Aug. 7.

The U.S. Justice Department has approved Paramount Skydance Corp's massive $110 billion acquisition of Warner Bros. Discovery. This regulatory green light comes as several states…