Paramount prepares to divest kids TV assets to satisfy EU review of $110 billion Warner Bros. Discovery acquisition

Paramount Skydance Corp. is ready to sell portions of its children’s television portfolio, including Nickelodeon, Nicktoons, Nick Jr., TeenNick and the Italian free‑to‑air channel Super!, if the European Commission deems the combined Paramount‑Warner Bros. Discovery entity to pose antitrust concerns. Regulators are scrutinising overlaps with Warner’s Cartoon Network and may block the deal if combined market shares in any European country exceed about 40%.

The company hopes to avoid any divestiture but has indicated that remedial proposals will be submitted by early July. If initial concerns are not met, a further probe could postpone a final decision by at least three months. The UK Competition and Markets Authority is also conducting its own review, while U.S. federal antitrust agencies appear inclined to approve the merger despite some state‑level opposition.