Paramount Skydance rises after DOJ clears $110 billion WBD deal

Warner Bros Discovery

Yesterday 09:36

** Paramount Skydance Corp's PSKY.O shares rise 4.3% to $10.9 premarket  
** U.S. Justice Department clears PSKY's $110 billion acquisition of Warner Bros Discovery WBD.O, saying it is unlikely to harm competition or consumers
** DOJ says deal would boost competition across streaming, TV and film, after an eight‑month probe reviewing over 2 mln documents
** Paramount says transaction will help it compete for audiences, talent, technology and investment in a crowded media landscape
** FCC approval pending, including review of foreign investment participation in the deal
** PSKY down nearly 22% YTD 

(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))