The U.S. Justice Department has determined that Paramount Skydance’s proposed acquisition of Warner Bros. Discovery is unlikely to be harmful to consumers.

Paramount Skydance defeated Netflix in the battle to acquire Warner Bros. Discovery, committing $111 billion for the merger.

The DOJ approval is an important milestone for the roughly $110 billion deal, though it could still face legal challenges from state attorneys general.

The Antitrust Division of the U.S. Department of Justice issued a statement in connection with the closing of the Division’s investigation into ...

The DOJ said its investigation concluded that the "transaction is not likely to result in harm to competition or American consumers."