Regulatory approval from China advances the $110 billion merger between Paramount Skydance and Warner Bros. Discovery.
Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery has secured regulatory approval from China. The decision follows earlier clearance from the U.S. Department of Justice, removing a key hurdle for the deal.
The merger, valued at $110 billion, aims to combine two major media conglomerates. Prior approvals had been anticipated, but China’s sign-off was seen as a critical step for finalizing the transaction.
No immediate market reaction was reported following the announcement.