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The Nexus
BUSINESSJun 12 · 22:08 UTCGUARDIAN USJeremy Barr

US justice department approves $111bn merger of Paramount and Warner Bros Discovery

The US Department of Justice approved the $111bn merger of Paramount Skydance and Warner Bros Discovery, despite concerns about reduced competition in film studios and potential merging of news networks CBS News and CNN. The deal remains under UK scrutiny and could face lawsuits from state attorneys general.

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