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Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery

The decision paves the way for a proposed $110 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.

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Justice Dept. approves Paramount's acquisition of Warner Bros. Discovery
Source: NPR News
The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles.

The decision paves the way for a proposed $110 billion merger uniting two rival studio giants — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.

(Image credit: Nick Ut)

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