US clears Paramount's mammoth Warner Bros merger
Key takeaways
- Paramount has been given the green light to take over Warner Bros.
- https://p.dw.com/p/5FJl TRegulators in the EU and the UK are still looking into the deal Image: Daniel Cole/REUTERSAdvertisement The US Justice Department approved Paramount's acquisition of Warner Bros.
- Concluding an eight-month review, officials said antitrust regulators found no evidence that the massive merger between two former rivals would harm consumers.
Why this matters: an international story with cross-border implications worth tracking.
Paramount has been given the green light to take over Warner Bros. Discovery for $110 billion, including its subsidiary CNN, fueling fears of media censorship and increased control over the US entertainment industry.
https://p.dw.com/p/5FJl TRegulators in the EU and the UK are still looking into the deal Image: Daniel Cole/REUTERSAdvertisement The US Justice Department approved Paramount's acquisition of Warner Bros. Discovery on Friday without demanding any changes to the controversial $110 billion (€95 billion) deal.
Concluding an eight-month review, officials said antitrust regulators found no evidence that the massive merger between two former rivals would harm consumers.