US Justice Department clears Paramount s acquisition of Warner Bros, Politico reports

 


WASHINGTON, June 12 (Reuters) - The U.S. Justice Department's Antitrust Division has cleared Paramount Skydance Corp's planned $110 billion acquisition of Warner Bros Discovery, Politico reported on Friday, citing two people familiar.

Department of Justice officials determined the transaction did not pose a threat to competition, according to the sources.

Politico reported, citing one source, that the department approved the merger without requiring any divestitures, behavioral remedies or concessions.