The planned $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corp has been cleared by the U.S. Justice Department’s Antitrust Division after its findings showed it was ‘unlikely to harm competition or consumers’. Entertainment giant Paramount has been cleared for takeover bid for Warner Bros. Discovery worth $108.4 billion. (Getty Images via AFP) DOJ clears Paramount’s acquisition of Warner Bros On Friday, the Department of Justice (DOJ) said it spent eight months evaluating how the transaction would affect streaming video services, traditional television and the film industry, weighing input from across the entertainment industry. “The extensive investigatory record reviewed by the Division suggests that the impact of the transaction will be to increase competition across the media and entertainment ecosystem, with benefits for American consumers and workers,” the Justice Department wrote in a statement. Paramount issued a statement thanking the DOJ for its review of the transaction. “We remain focused on completing the transaction as soon as possible and delivering its benefits to consumers, creators, and the entertainment industry as a whole,” Paramount …