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Justice Department approves Paramount bid to acquire Warner Bros.

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CitrixNews Staff
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Justice Department approves Paramount bid to acquire Warner Bros.

The Department of Justice (DOJ) has approved Paramount’s $110 billion bid to acquire Warner Bros. Discovery, according to the DOJ’s Antitrust Division, clearing a key regulatory hurdle for the merger between the two global entertainment giants. A DOJ analysis determined that the transaction “is not likely to result in harm to competition or American consumers”…

Originally reported by The Hill. Read the full story at the original source.