Paramount seeks EU approval to buy Warner Bros; decision due July 7 (updated)

Warner Bros Discovery

02/06/2026 17:10

Adds detail

    BRUSSELS, June 2 (Reuters) - Paramount Skydance Corp PSKY.O has sought EU antitrust approval for its acquisition of Warner Bros Discovery WBD.O, 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 Chee
Editing by David Goodman)
((M.Brice@thomsonreuters.com;))