The $110 billion deal would combine major Hollywood studios, streaming services and TV news companies. Antitrust regulators at the Justice Department on Friday approved Paramount Skydance’s $110 billion deal to buy Warner Bros.

The Justice Department’s Antitrust Division signed off on Paramount’s $111 billion acquisition of Warner Bros., allowing the blockbuster media merger to move forward.

The Department of Justice said the proposed merger between Paramount Skydance and Warner Bros. Discovery does not threaten competition in the U.S.

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.

As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood

Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery would not harm U.S. consumers or weaken competition, DOJ antitrust enforcers said.

The Justice Department has cleared Paramount’s $81 billion purchase of Warner Bros. Discovery, removing one hurdle for the entertainment companies’ megadeal. The combination of Paramount and Warner stands to reshape the entertainment industry by putting two legacy movie and TV studios,

The deal