The US Justice Department has approved the $111 billion merger between Paramount Skydance, controlled by the Ellison family, and Warner Bros Discovery, which owns networks such as CNN and HBO. The approval came from the department's antitrust division after a review lasting several months. The merger is currently under scrutiny in the UK, where a new investigation has been launched, and it may also face a lawsuit from state attorneys general.
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US Justice Department Approves $111 Billion Merger of Paramount and Warner Bros Discovery
The US Justice Department has approved the merger of Paramount Skydance and Warner Bros Discovery for $111 billion. The deal is under investigation in the UK and may face legal challenges from state attorneys general.
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Paramount Skydance
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Donald Trump
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US justice department approves $111bn merger of Paramount and Warner Bros Discovery
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US Justice Department Approves $111 Billion Merger of Paramount and Warner Bros Discovery