The Department of Justice said the proposed merger between Paramount Skydance and Warner Bros. Discovery does not threaten competition in the U.S.

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 ...

A coalition of state attorneys general led by California is preparing a lawsuit to challenge the merger.