The DOJ cleared Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, removing a major regulatory hurdle for the deal.

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 ...