The US Justice Department approved Paramount Skydance's $110.9 billion acquisition of Warner Bros Discovery, clearing the biggest regulatory hurdle for the

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."

BRUSSELS, June 10 : Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny,…