European Union antitrust regulators have formally approved Paramount Skydance’s proposed acquisition of Warner Bros.
Discovery, clearing the path for the $111 billion media merger to proceed.
The decision removes the last significant regulatory obstacle to the transaction, which has been under scrutiny for months across multiple jurisdictions.
The European Commission’s sign-off comes as the deal faces mounting legal pressure in the United States.
Several US state attorneys general have launched challenges to the merger, arguing that the consolidation of major media assets could reduce competition and harm consumers.
This divergence in regulatory outcomes highlights the complex geopolitical landscape facing large-scale cross-border M&A activity.