Paramount’s Deal for Warner Bros. Is Cleared by US DOJ (2)

The US Justice Department has closed an antitrust probe into Paramount Skydance Corp.’s$110 billion purchase of Warner Bros. Discovery Inc., saying the deal “is not likely” to hurt consumers or competition in the film and television industry.

The federal antitrust agency, in a statement Friday, said it won’t require any changes to the deal regulators had been reviewing for about eight months.

A group of state attorneys general, led by California, have also been probing the transaction, which would combine two of the five largest Hollywood studios. The states are preparing to sue to block the merger, Bloomberg ...