What Happened
Paramount Secures Regulatory Approval For $110 Billion Deal
The US Justice Department has approved Paramount’s planned $110 billion acquisition of Warner Bros Discovery, according to Politico. The deal, which has been in the works for some time, is expected to have significant implications for the media industry. Paramount Skydance Corp will acquire Warner Bros Discovery, with the approval indicating that the acquisition will not harm competition. The acquisition was reported by Reuters.