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Paramount and Warner’s deal clears DOJ review
The U.S. Department of Justice has approved a $110 billion deal bringing together Paramount SkyDance and Warner Bros. Discovery, following an eight-month review of its potential impact on the entertainment industry. The review focuses on how the deal will enhance competition in the media and entertainment sector, with the possibility of offering benefits to consumers and workers, and reshaping the cinema and digital streaming markets. This move is considered a significant step toward completing one of the largest merger deals in the industry, amid increasing pressures from streaming platforms and the tech industry.
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