The U.S. Department of Justice has granted final approval for Paramount Global’s proposed acquisition of Warner Bros.
Discovery, a person familiar with the matter told CNBC on Friday.
The clearance removes the last major domestic regulatory obstacle for the $110 billion media consolidation deal.
The clearance removes the last major domestic regulatory obstacle for the $110 billion media consolidation deal.
With the DOJ’s sign-off secured, the transaction now faces scrutiny only from the United Kingdom’s Competition and Markets Authority, which has already launched an investigation into the merger.
The UK probe is expected to be the final substantive hurdle before the deal can close, though a rejection or structural remedy in London remains a possibility.
The approval marks a pivotal milestone for Paramount Skydance, which has spent months navigating antitrust concerns and financing arrangements to merge two of the entertainment industry’s largest content libraries.