What Happened
Justice Department Clears Way For Historic Hollywood Merger
The Justice Department has approved Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, clearing the way for a merger that will unite two historic Hollywood studios. The deal, which has faced opposition from some Hollywood professionals and government regulators, is expected to be formally announced soon. Paramount Skydance CEO David Ellison has vowed to honor the legacy of the two companies while building a next-generation media and entertainment company. The acquisition was first reported by Politico and confirmed by NBC News.