Paramount Skydance submits EU concessions for $110 bn Warner Bros. Discovery takeover

Paramount Skydance has presented a package of commitments to the European Commission to address antitrust concerns about its planned $110 billion acquisition of Warner Bros. Discovery. The EU regulator has moved the decision deadline to 22 July, after which it may either clear the deal or open a full competition investigation. Proposed remedies include ending Paramount’s film‑distribution partnership with Universal Pictures and other measures aimed at preserving competition in European film production and distribution markets.

The merger would combine Paramount’s assets – such as Paramount Pictures, CBS, Nickelodeon, MTV and the streaming service Paramount+ – with WBD’s portfolio, including HBO, Max, CNN, Warner Bros. Studios, Discovery Channel, Cartoon Network and Poland’s TVN. While the U.S. Justice Department has signaled approval, state attorneys general in the United States are considering legal challenges, and the United Kingdom’s culture minister Lisa Nandy has indicated the deal may also undergo a separate review. The transaction is expected to close later this summer if regulatory hurdles are cleared.