UK Regulator Clears Paramount-Skydance Mega-Musion While Litigations Loom

Britain’s CMA cleared Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery on competition grounds, noting the merged distributor would still face rivals like Universal, Disney and Sony as well as a range of streaming and non-SVOD competitors. The deal remains under threat from lawsuits filed by 12 state attorneys general that could block or delay closing, with Paramount agreeing to pause the deal until June 1, 2027 or until those suits are resolved and the CMA’s UK ruling deadline (Aug. 7) passes. The clearance comes amid broader regulatory scrutiny in multiple territories.