The Justice Department has closed its antitrust investigation into the proposed $110 billion merger of Paramount and Warner Brothers Discovery, saying that it has found no threat to competition or consumers of film, broadcast television or streaming.
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The decision paves the way for a merger of two historic studio rivals — Paramount, owner of CBS, and the much larger Warner, which includes HBO and CNN.
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Several states, including California, have raised antitrust concerns. The European Union is investigating as well.
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