EU approves Paramount Skydance-Warner Bros. Discovery merger on condition to terminate Universal deal

The European Commission conditionally approves Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, requiring Paramount to terminate its European film distribution agreement with Universal Pictures within 13 months of closing to avoid concentrating European film distribution; the decision follows US antitrust challenges and ongoing UK scrutiny, with the deal still facing a US court block and potential delays if closing is not completed by late September.