• Updated

The U.S. Justice Department has determined that Paramount Skydance’s proposed acquisition of Warner Bros. Discovery is unlikely to be harmful to consumers. The agency said Friday that an investigation by antitrust regulators concluded that the merger would increase competition in areas like video streaming, giving consumers more options. It also found that the merger is not likely to harm competition in the film industry. Paramount Skydance reached the deal in February, beating a rival bid by Netflix. Critics, however, worry about industry consolidation. The merger is still under review by other regulators, including those in Europe and the U.K., with decisions expected in the coming months.