The approval marks a key development in the merger that will reshape media, allowing the continue of the takeover of the Hollywood studio, which owns CNN and HBO.

The approval marks a key development in the merger that will reshape media, allowing the continue of the takeover of the Hollywood studio, which owns CNN and HBO.

After an eight-month review, the DOJ concluded the proposed merger would strengthen competition across streaming, television and film, potentially benefiting consumers, workers and the broader entertainment industry.

The Justice Department has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without requiring divestitures or other concessions. The deal still faces scrutiny from state attorneys general. Politico reports: The decision, expected to be announced Friday, paves the way...

The U.S. Justice Department has determined that Paramount Skydance’s proposed acquisition of Warner Bros.