Washington, June 13 -- The US Department of Justice (DOJ) has reportedly approved Paramount's proposed USD 111 billion merger with Warner Bros. Discovery (WBD), removing a significant regulatory hurdle for the blockbuster deal.

According to a report by Variety, the DOJ's Antitrust Division has cleared the transaction without requiring "any divestitures, behavioral remedies or concessions."

The approval marks a key step forward for David Ellison's Paramount Skydance as it moves toward completing the merger with Warner Bros. Discovery.

After conducting an extensive review, "DOJ officials determined the transaction did not pose a threat to competition and declined to challenge it," Variety reported.

The Antitrust Division's approval is e...