Warner Bros $111bn sale to Paramount approved by US justice department

The U.S. Department of Justice has approved Paramount Skydance's $111 billion acquisition of Warner Bros Discovery, finding the merger would increase rather than harm competition in the media industry. The deal would create one of Hollywood's most powerful entities, combining major networks like CNN, HBO, CBS, and studios including Paramount Pictures and DC Studios under one umbrella. Despite federal approval, the merger faces continued opposition from California's Attorney General, who is investigating potential anti-competitive effects, and over 1,400 Hollywood professionals who fear job losses and reduced opportunities.