24 Hrs
Source:
Los Angeles Times
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Warner Bros. $111bn deal passes hurdle
The U.S. Justice Department has approved Paramount Skydance’s $111-billion acquisition of Warner Bros. Discovery, clearing the way for the deal to proceed. Regulators found that the merger is unlikely to harm competition in the streaming, television, or film production markets, and no concessions are required. Paramount aims to finalize the purchase by September, but regulatory reviews continue in Europe, Britain, and through potential legal challenges from California and other states.
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