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Skydance Media's proposed $110 billion acquisition of Warner Bros. Discovery has officially received approval from the U.S. Department of Justice. Regulators did not demand any concessions, concluding after their review that the merger did not raise sufficient antitrust concerns to warrant legal action. This allows Skydance Media to fully absorb all of Warner Bros. Discovery's brands and assets, including HBO, Warner Bros. Pictures, CNN, TNT, and TBS.
(Image Source: Skydance Media, Warner Bros. Discovery)
Despite significant backlash within Hollywood—with over 5,500 industry professionals, including Ben Stiller, Javier Bardem, and Mark Ruffalo, signing petitions to oppose the deal—and even threats of legal action from numerous U.S. state governments to prevent potential market and industry monopolization, the Department of Justice's approval now makes a reversal of the situation highly improbable.