Paramount seeks EU approval to buy Warner Bros; decision due July 7
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FILE PHOTO: FILE PHOTO: The Paramount water tower is shown on the Paramount studio lot in Hollywood, Los Angeles, California, U.S., January 13, 2026. REUTERS/Mike Blake/File Photo
BRUSSELS, June 2 (Reuters) - Paramount Skydance Corp has sought EU antitrust approval for its acquisition of Warner Bros Discovery, a European Commission filing showed on Tuesday.
• The proposed $110 billion takeover would unite two of the entertainment industry's most enduring franchises, though critics including some Hollywood stars have said it could endanger film and television jobs.
• The Commission, which acts as EU competition enforcer, will decide by July 7 whether to clear the deal with or without remedies or open a full-scale investigation if it has serious concerns.
• Paramount is prepared to divest minor channels such as its children's brands to address any competition concerns, sources told Reuters in February.
• U.S. antitrust regulators appear ready to approve the deal after a two-hour meeting at the Justice Department, Semafor reported last month.
(Reporting by Foo Yun CheeEditing by David Goodman)
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