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 Justice Department’s Antitrust Division has signed off on Paramount Skydance’s $111 billion bid for Warner Bros. Discovery, according to two people familiar. The approval clears a major regulatory hurdle for a deal that has become one of the most closely watched media merger reviews of the Trump era.