22 Hrs
Source:
The Guardian
US DOJ approves $111bn merger
The US Department of Justice has approved the $111 billion merger between Paramount Skydance and Warner Bros Discovery, despite ongoing investigations and concerns about reduced competition and media consolidation. The deal, which still faces scrutiny in the UK, Europe, and Australia, has raised alarms among industry workers and politicians over potential job cuts and editorial influence, with some fearing it may undermine competition and democracy. There is also a possibility of a legal challenge from US state attorneys general.
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