Paramount Skydance merger wins approvals from Kuwait, Austria, Australia

Paramount Skydance Corporation (NASDAQ: PSKY) has received unconditional regulatory approvals for its planned merger with Warner Bros. Discovery from three jurisdictions, according to a company statement.

The Competition Protection Agency of Kuwait approved the merger on June 28, 2026. Two days later, on June 30, 2026, the Austrian Federal Competition Authority granted unconditional approval under its media merger control regime.

Also on June 30, 2026, the Australian government unconditionally approved the transaction under its foreign investment framework. That approval followed an earlier unconditional clearance from the Australian Competition & Consumer Commission on June 9, 2026.

Under the terms of the Agreement and Plan of Merger, signed February 27, 2026, Merger Sub, a wholly owned subsidiary of PSKY, will merge with and into Warner Bros. Discovery, with Warner Bros. Discovery surviving as a wholly owned subsidiary of PSKY.

The completion of the merger remains subject to additional conditions, including regulatory clearance in other jurisdictions. PSKY said it continues to engage with antitrust enforcers and regulators worldwide to obtain remaining approvals.

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