Warner Bros $111bn sale to Paramount approved by US Justice Department

Paramount Skydance's $111bn (£828mn) acquisition of Warner Bros Discovery has been approved by the US Department of Justice, according to the BBC's quality spouse CBS.

The support marks a cardinal improvement successful the merger that volition reshape media, allowing a takeover of the Hollywood studio, which owns CNN and HBO, to continue.

The merchantability has been filled with contention, from Paramount's conflict with Netflix implicit the institution to scrutiny implicit manufacture consolidation and worries astir politics. David Ellison, the person of Paramount, is the lad of Larry Ellison, a donor to President Donald Trump.

But it's not a done woody yet, arsenic states similar California are reviewing the merchantability and could writer to artifact it.

The BBC has contacted the justness section and its anti-trust part that approved the acquisition.

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