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.
(Reporting by Ismail Shakil and Daphne Psaledakis; Editing by Caitlin Webber)
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