Paramount-Warner Bros. Discovery $110B Merger Set for EU Antitrust Clearance With Conditions, FT Reports

Jake Kanter

1h ago· 2 min readenNews

Summary

Paramount's $110 billion merger with Warner Bros. Discovery is reportedly set to receive clearance from the European Commission, the EU's antitrust enforcer, rather than facing a deeper investigation. The Commission has until July 7 to make a final decision, and representatives from both companies have met with officials. The report, published by the Financial Times, suggests the deal will clear EU hurdles but with certain caveats attached.

Source

DeadlineParamount-Warner Bros. Discovery $110B Merger Set for EU Antitrust Clearance With Conditions, FT Reportsdeadline.com

Key quotes

· 3 pulled

Paramount's $110B merger with Warner Bros. Discovery is inching closer to approval in Europe, according to a report in the Financial Times.

The European Commission, the EU's antitrust enforcer, will clear the takeover rather than subject it to deeper investigation.

The Commission has until July 7 to make a decision, with the FT reporting that Paramount and Warner representatives met with officials.

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Paramount's $110 billion merger with Warner Bros. Discovery is inching closer to approval in Europe, according to a report in the Financial Times.

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