The United States Department of Justice has granted final approval for Paramount Global’s proposed acquisition of Warner Bros.
Discovery, clearing the last major regulatory hurdle for the media merger.
The clearance marks the culmination of a lengthy antitrust review process that had kept the deal in limbo for months.
The approval removes the final U.S. barrier to the transaction, allowing the combined entity to proceed with integration.
While the U.S. clearance was the primary focus for investors, the deal still faces scrutiny in other jurisdictions.
The United Kingdom’s competition authority has launched a separate investigation into the merger, which could potentially delay or alter the final structure of the deal.