Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery

The Justice Department approved Paramount's $111 billion acquisition of Warner Bros. Discovery, concluding the merger does not threaten competition in film, television, or streaming. The deal combines Paramount (owner of CBS) with Warner Bros. Discovery (HBO, CNN), but faces ongoing investigations in California and the European Union. Critics, including Hollywood talent and states, argue the merger could reduce media diversity and creative opportunities.