EU Clears Paramount-WBD Merger With Concessions Amid U.S. Hurdle

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Source: CNBC
EU Clears Paramount-WBD Merger With Concessions Amid U.S. Hurdle
Photo: CNBC
TL;DR Summary

EU antitrust regulators approved Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery after concessions — including divesting its European stake in UIP and a 10-year ban on European film distribution deals with Universal — addressing competition concerns. The deal still faces a U.S. legal challenge and a 14-day pause, though Paramount aims to close by September.

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