Paramount seeks EU approval for Warner Bros takeover
Paramount Skydance Corp has sought EU antitrust approval for its $110 billion acquisition of Warner Bros Discovery. The EU Commission will decide by July 7.
PARAMOUNT SKYDANCE CL B requested antitrust approval from the European Commission on Tuesday for its $110 billion acquisition of WARNER BROS DISCOVERY INC. The proposed takeover would unite two of the most established entertainment franchises in the United States and globally. Critics and industry figures have expressed concern that the merger could lead to significant film and television job losses.
### EU Sets Deadline for Media Merger The European Commission will decide by July 7 whether to clear the deal or launch a full-scale investigation. This timeline follows a formal filing by PARAMOUNT SKYDANCE CL B on Tuesday. The European Commission acts as the primary competition enforcer for the European market.
