LOS ANGELES, June 13 — The US Justice Department on Friday cleared Paramount Skydance's US$111 billion (RM450.42 billion) takeover of Warner Bros. Discovery, handing a major...

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."

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