A massive media deal appears ready to move forward after the Justice Department’s Antitrust Division reportedly approved Paramount Skydance’s proposed $111 billion acquisition of Warner Bros. Discovery, removing one of the biggest regulatory obstacles standing in the way.

According to two people familiar with the matter cited by Politico, federal regulators concluded the transaction would not substantially reduce competition in the marketplace.

Notably, the department did not move to block the acquisition and imposed no divestitures, restrictions, conditions, or additional remedies—an outcome that suggests regulators determined the companies could proceed without restructuring the deal. In an era where major mergers often arrive carrying pages of conditions and enough paperwork to fill a studio archive, that detail stood out.

The approval is expected to be announced Friday, according to the report.

Neither the Justice Department nor Paramount immediately responded to requests for comment following the report.

If finalized, the merger would represent one of the largest media combinations in recent history and mark another major shift in an industry that continues to evolve at rapid speed.

For now, the path appears significantly clearer—and the spotlight turns from regulators to what comes next.