DOJ clears Paramount-Skydance's Warner Bros. deal, signaling competition gains

The Justice Department's Antitrust Division cleared Paramount Skydance's planned $110 billion acquisition of Warner Bros. Discovery, saying the combination is unlikely to harm competition or consumers after an eight-month review of its impact on streaming, traditional TV and film. The agency argued the deal could increase competition and benefits for consumers, but California, New York and other states are preparing lawsuits to block the deal over concerns including foreign involvement in financing.