DOJ signs off on $111B Paramount takeover of Warner Bros. Discovery
Entertainment
The Justice Department approved Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery on Friday. Federal antitrust regulators cleared the blockbuster media merger without demanding a single concession, Politico reported. They refused to require divestitures, which force merging companies to sell off specific assets to preserve market competition, according to the outlet. The feds also skipped asking for so-called behavioral remedies, an anti-trust legal term for conditions that
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