The U.S. Department of Justice has reportedly approved the Paramount Skydance $111 billion acquisition of Warner Bros. Discovery, according to insiders.
The approval is a major hurdle for the massive media deal, but Paramount may still face legal challenges from several state attorneys general, including California’s Democrat AG, Rob Bonita, CNBC reported.
According to Politico, the deal has been approved without requiring “any divestitures, behavioral remedies or concessions.”
The report added that the DOJ says it conducted an extensive review of the deal and “officials determined the transaction did not pose a threat to competition and…
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