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[BUSINESS] · United States, Germany · 100 sources

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Paramount's $110 bn Warner Bros acquisition cleared in EU, but US court extends block

The European Commission gave conditional approval to Paramount’s acquisition of Warner Bros. Discovery, valued at roughly $110‑$111 billion. Paramount agreed to exit its participation in United International Pictures within 13 months and to a ten‑year prohibition on any joint film‑distribution agreements with Universal in the European Economic Area, including Portugal.

In the United States, U.S. District Court Judge Araceli Martínez‑Olguín extended a preliminary restraining order by another 14 days, now prohibiting the deal until at least mid‑August. A coalition of 12 states and the Writers Guild of America have filed antitrust lawsuits, arguing the merger would give the combined company control of about 27 % of major film releases and over 30 % of blockbusters.

If the transaction is not completed by the contractual deadline in September, Paramount would owe Warner shareholders a daily penalty of roughly $7 million. Additional regulatory review remains pending in the United Kingdom, adding further uncertainty to the merger’s completion.

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