Paramount Skydance formally requests EU approval for its $110 billion takeover of Warner Bros. Discovery, a key step in merging two major Hollywood studios.
Paramount Skydance (PSKY) has submitted a formal request to European regulators to approve its $110 billion acquisition of Warner Bros. Discovery (WBD). The deal aims to combine two of Hollywood’s largest movie studios, creating a significant shift in the entertainment industry landscape.
The European Commission will now review the transaction, marking the final regulatory hurdle before the merger can proceed. No prior approvals or comparable deals of this scale have been announced in recent years, underscoring the deal’s significance.
The outcome of the review could reshape competition in the media sector, though no immediate market reaction has been reported.