Paramount Skydance merger with Warner Bros. Discovery won’t harm competition, consumers, DOJ says

The U.S. Justice Department concluded that Paramount Skydance's $81 billion acquisition of Warner Bros. Discovery will not harm competition or consumers, closing its antitrust investigation. The merger, opposed by critics and industry professionals over consolidation risks, is expected to boost competition in media and streaming, though it will involve significant job cuts due to duplication.