Paramount Warner Bros Deal
EU clears Paramount's bid for Warner Bros. Discovery with conditions.
July 22, 2026 · Updated Jul 22, 6:30pm ET
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What happened
The European Commission approved Paramount SkydanceSkydance CorporationAmerican multinational mass media and entertainment conglomerate’s roughly $110 billion takeover of Warner Bros. Discovery, clearing the transaction for the European Union. The clearance is conditional on Paramount ending its international film-distribution joint venture with Universal Pictures, including a 13-month post-closing deadline to exit the arrangement. EU antitrust regulators said that commitment addressed concerns about combining Paramount and Warner Bros. Discovery’s theatrical distribution operations, but the merger remains stalled in the U.S. because of litigation and challenges from state attorneys general.
Paramount Warner Bros Merger Fight
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