The Trump administration has given the green light for Paramount Skydance to take over Warner Bros Discovery in a $US110 billion ($156 billion) mega-merger.

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.

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

David Ellison's Paramount Skydance has reportedly cleared a big regulatory hurdle in advancing toward completing its $111 billion merger with Warner Bros. Discovery.

A formal announcement is expected soon, a person familiar with the matter told NBC News.

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

The DOJ approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, with Larry Ellison backing over $45 billion in the mega-merger

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

The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood.

It's a major win for Paramount, which still awaits regulatory approval for regulators in Europe.

The US Justice Department on Friday cleared Paramount Skydance's $111 billion takeover of Warner Bros. Discovery, handing a major win to a media empire financed by one of…

Deal still under UK scrutiny with new investigation, and could face lawsuit from state attorneys general

The Department of Justice said it determined that Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery is not likely to harm competition.

The DOJ approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery, clearing the biggest hurdle for a deal expected to close in Q3

El Departamento de Justicia de Estados Unidos aprobó este viernes la compra de Warner Bros. Discovery por parte de Paramount Skydance.

Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.

This provides Paramount a crucial advantage as it seeks to fend off potential state-level challenges to the deal

The decision paves the way for a proposed $111 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.

Paramount has been given the green light to take over Warner Bros. Discovery for $110 billion, including its subsidiary CNN, fueling fears of media censorship and increased…

The U.S. Justice Department has approved Paramount Skydance Corp's massive $110 billion acquisition of Warner Bros. Discovery. This regulatory green light comes as several states…