STATEMENT OF THE DEPARTMENT OF JUSTICE ANTITRUST DIVISION ON THE CLOSING OF ITS INVESTIGATION OF THE MERGER OF PARAMOUNT SKYDANCE AND WARNER BROS.

WASHINGTON, June 12 -- The U.S. Department of Justice's Antitrust Division issued the following news release:

The Antitrust Division of the U.S. Department of Justice ("Division") issued the following statement today in connection with the closing of the Division's investigation into the proposed acquisition of Warner Bros. Discovery ("WBD" or "Warner Bros.") by Paramount Skydance ("Paramount"), together (the "Parties"):

The Division has completed its analysis of the proposed merger of Paramount and Warner Bros. and determined based on the evidence received in its investigation that the transaction is not likely to result in harm to competition or American consumers, including with respect to: (1) streaming video on demand ("SVOD"); (2) l...