The US government says Paramount Skydance can buy Warner Bros. Discovery. But some other leaders are still checking the deal.

美國政府表示 Paramount Skydance 可以收購 Warner Bros. Discovery，但仍有其他領導者在審查這項交易。

The Department of Justice looked at many papers for eight months. They say this big deal is good for people. They think it helps competition in TV and movies.

司法部審閱了大量文件，歷時八個月。他們表示這項重大交易對民眾有利。他們認為這有助於電視與電影產業的競爭。

But a leader in California, Rob Bonta, is not happy. He thinks the deal is bad. He says it might cost more money and take away jobs. He might go to court to stop the deal.

但加州領導人 Rob Bonta 並不認同。他認為這項交易很糟糕。他表示這可能會增加成本並導致失業。他可能會向法院提起訴訟以阻止這項交易。

Some people are worried about power. They say one big company will own too many news channels. They are worried about the owners and their friends in politics.

有些人擔心權力過於集中。他們表示一家大公司將掌控過多新聞頻道。他們擔心這些所有者及其在政壇上的朋友。

The US government says yes. Now, the companies must wait for answers from Europe and the UK. California might also fight the deal in court.

美國政府表示同意。現在，相關公司必須等待歐洲與英國的答覆。加州也可能在法院對這項交易採取行動。

The United States Department of Justice has approved the purchase of Warner Bros. Discovery by Paramount Skydance, although the deal still needs to be reviewed by state authorities and international regulators.

美國司法部已批准 Paramount Skydance 收購 Warner Bros. Discovery，儘管該交易仍需經過州政府部門及國際監管機構的審查。

The Department of Justice finished an eight-month investigation after reviewing over two million documents. They decided that the $110-111 billion merger is unlikely to stop competition or harm consumers in the streaming, television, and film production markets. Furthermore, the Department emphasized that the merger would likely increase competition across the media industry. However, California Attorney General Rob Bonta stated that his office is still investigating the deal. Bonta argued that more market consolidation could lead to fewer choices for consumers, fewer jobs, and higher prices. Consequently, if the California office finds that the merger breaks antitrust laws, it may ask a court to block the deal or demand specific changes.

司法部在審閱超過兩百萬份文件後，完成了為期八個月的調查。他們認為這項 1,100 億至 1,110 億美元的合併不太可能阻礙競爭，或損害串流媒體、電視及電影製作市場的消費者。此外，司法部強調這次合併可能會增加整個媒體產業的競爭。然而，加州總檢察長 Rob Bonta 表示其辦公室仍在調查該交易。Bonta 主張，過度的市場整合可能會導致消費者的選擇減少、就業機會減少以及價格上漲。因此，若加州辦公室發現該合併違反反壟斷法，可能會請求法院阻止交易或要求特定的修改。

Industry experts are concerned about the concentration of power and the influence over news content. Critics argue that the merger allows a few large companies to dominate the market. Additionally, some observers have pointed out the close political ties between the leadership of Paramount Skydance—specifically David and Larry Ellison—and the administration of President Donald Trump. There are worries that having CNN and CBS under one company would give too much control over the news. It is also worth noting that Netflix previously tried to bid $72 billion for the company but withdrew its offer in February.

業界專家對權力集中以及對新聞內容的影響感到擔憂。批評者認為，此次合併將允許少數幾家大公司主導市場。此外，一些觀察人士指出 Paramount Skydance 的領導層——特別是 David 和 Larry Ellison——與總統川普政府之間存在緊密的政治聯繫。人們擔心將 CNN 和 CBS 置於同一家公司旗下，會對新聞產生過多的控制。同樣值得注意的是，Netflix 此前曾嘗試出價 720 億美元收購該公司，但在二月撤回了出價。

Although the federal government has given its approval, the merger cannot be finalized until the European Commission and UK regulators make their decisions, and until any potential legal challenges from California are resolved.

儘管聯邦政府已給予批准，但在歐盟委員會與英國監管機構做出決定，以及加州任何潛在的法律挑戰獲得解決之前，該合併無法最終完成。

The United States Department of Justice has approved the acquisition of Warner Bros. Discovery by Paramount Skydance, although the transaction remains subject to state-level scrutiny and international regulatory review.

美國司法部已批准 Paramount Skydance 收購 Warner Bros. Discovery，儘管該交易仍須經過州級審查及國際監管機構的審核。

The Department of Justice concluded an eight-month investigation, during which over two million documents were analyzed, determining that the approximately $110-111 billion merger is unlikely to impede competition or adversely affect consumers within the streaming, linear television, and studio production sectors. The Department asserted that the consolidation would likely enhance competition across the media ecosystem. Conversely, California Attorney General Rob Bonta has indicated that the transaction remains under investigation by his office. Bonta has posited that further market consolidation may result in diminished consumer choice, reduced employment opportunities, and increased costs. Should the California office determine that the merger violates antitrust statutes, it may seek judicial intervention to block the acquisition or mandate specific remedies. There are indications of potential coordination among multiple states to initiate a joint legal challenge.

司法部完成了一項為期八個月的調查，期間分析了超過兩百萬份文件，判定這宗金額約 1,100 億至 1,110 億美元的合併不太可能阻礙競爭，或對串流媒體、線性電視及製片公司領域的消費者產生不利影響。司法部主張，此次整合可能會提升整個媒體生態系統的競爭力。相反地，加州總檢察師 Rob Bonta 表示，其辦公室仍對該交易進行調查。Bonta 認為，進一步的市場整合可能會導致消費者選擇減少、就業機會降低以及成本增加。若加州辦公室判定該合併違反反壟斷法，可能會尋求司法干預以阻止收購或強制要求特定補救措施。有跡象顯示，多個州可能會協調行動，發起共同的法律挑戰。

Stakeholder concerns center on the concentration of market power and potential editorial influence. Critics within the entertainment industry argue that the merger exacerbates the dominance of a few conglomerates. Furthermore, observers have noted the professional and personal affiliations between Paramount Skydance leadership—specifically David and Larry Ellison—and the administration of President Donald Trump. Concerns have been raised regarding the potential for consolidated control over news entities, as the merger would place CNN and CBS under a single corporate umbrella. Historically, the transaction followed a period of competitive bidding involving Netflix, which ultimately withdrew its $72 billion proposal in February.

利益相關者的擔憂集中於市場權力的集中以及潛在的編輯影響力。娛樂業內的批評者認為，此次合併加劇了少數集團的主導地位。此外，觀察人士注意到 Paramount Skydance 的領導層——特別是 David 和 Larry Ellison——與總統川普政府之間存在專業與私人關係。由於合併將使 CNN 與 CBS 處於單一企業體系下，對於新聞實體被集中控制的可能性引起了關注。從歷史來看，該交易是在一段競爭激烈的競標期後達成，其中包含 Netflix，但 Netflix 最終在二月撤回了 720 億美元的提案。

While federal approval has been granted, the merger's finalization depends on pending decisions from the European Commission and United Kingdom regulators, as well as potential litigation from the state of California.

雖然已獲得聯邦批准，但合併能否最終完成，仍取決於歐盟委員會與英國監管機構的待定決定，以及加州可能發起的訴訟。