DOJ clears way for Paramount Skydance to buy Warner Bros. Discovery

Federal antitrust enforcers on Friday cleared Paramount Skydance's $110 billion deal to buy Warner Bros. Discovery . In a statement, the Department of Justice's Antitrust Division said it had closed its probe of the acquisition after determining that the transaction "is not likely to result in harm to competition or American consumers." "The extensive investigatory record reviewed by the division suggests that the impact of the transaction will be to increase competition across the media and …