US clears Paramount-Warner Bros merger without conditions, ending Hollywood's consolidation saga

The United States Department of Justice has given final approval to Paramount Global’s $110 billion acquisition of Warner Bros.

Discovery, clearing the last major domestic regulatory hurdle for the media merger.

The Justice Department concluded that the combination would not substantially lessen competition, granting the deal without conditions.

The approval marks the end of a protracted consolidation saga in Hollywood, paving the way for the creation of a dominant force in streaming and theatrical distribution.

With the US greenlight secured, Paramount and Warner Bros.

Discovery can now proceed to close the transaction, pending final closing conditions and any remaining international reviews.