EU approves Paramount Skydance merger, US path still blocked

The European Commission cleared Paramount Skydance's $110 billion takeover of Warner Bros Discovery after Paramount agreed to end its European film distribution deal with Universal, wind it down within 13 months, and refrain from similar ventures for 10 years. In the US, the merger remains blocked by a coalition of 12 states and a court pause, despite DOJ support, keeping the deal mired in regulatory and legal uncertainty across the Atlantic.