Justice Department approves Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery
By
Steve Kopack, Ryan J. Reilly, Daniel Arkin
Baker's choice. Dense with flavour, light on filler.
Summary
The Justice Department has approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, according to a source familiar with the matter. The merger will unite two historic Hollywood studios and reshape the American entertainment industry. A formal announcement is expected soon. Paramount owns a 114-year-old film studio and the Paramount+ streaming service.
Key quotes
· 3 pulledThe Justice Department has signed off on Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, a person familiar with the matter told NBC News
A formal announcement is expected soon, the person familiar with the matter told NBC News
A spokesperson for Paramount Skydance did not immediately respond to request for comment on Friday
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