Paramount's $111 Billion Warner Bros. Discovery Takeover Expected to Win EU Approval
By
Nick Vivarelli
Summary
According to a Financial Times report, European Union regulators are expected to approve Paramount's $111 billion acquisition of Warner Bros. Discovery, following earlier approval by the U.S. Justice Department. The European Commission is finalizing approval details, with Paramount CEO David Ellison expected to accept certain remedies to address competition concerns.
Source
VarietyParamount's $111 Billion Warner Bros. Discovery Takeover Expected to Win EU Approvalvariety.comKey quotes
· 3 pulledRegulatory officials in Brussels are expected to greenlight Paramount’s $111 billion takeover of Warner Bros. Discovery, according to a Financial Times report
The European Commission was still hammering out final details of its approval of the mega-merger
Paramount CEO David Ellison 'accepts certain remedies' that are 'designed to address competition concerns'
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