BUZZ-Paramount rises on report US Justice Department clears $110 billion Warner Bros merger

Paramount Skydance
Warner Bros Discovery

Paramount Skydance

PSKY

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Warner Bros Discovery

WBD

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** Shares of media company Paramount Skydance PSKY.O rise about 6% to $11.11 in extended trading

** U.S. Justice Department's Antitrust Division has cleared Paramount Skydance's $110 billion deal for Warner Bros Discovery WBD.O, Politico reported, citing two people familiar

** The department approved the merger without requiring any divestitures, behavioral remedies or concessions, as per the report

** Up to last close, stock had fallen ~22% YTD


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