Paramount-WBD Merger Receives Approvals from Australia, New Zealand, and Other Nations; Still Awaits U.S., EU, U.K. Clearance
By
Jill Goldsmith
Summary
Paramount has announced that competition authorities in Australia, New Zealand, Saudi Arabia, Ukraine, Serbia, and North Macedonia have approved its pending merger with Warner Bros. Discovery. Additionally, foreign direct investment authorities in Germany, Slovenia, Belgium, Czechia, New Zealand, Italy, France, and Romania have also signed off. The deal still requires approval from the U.S. Department of Justice, the EU, and the U.K., where regulators have opened a Phase 1 inquiry into the combination.
Source
DeadlineParamount-WBD Merger Receives Approvals from Australia, New Zealand, and Other Nations; Still Awaits U.S., EU, U.K. Clearancedeadline.comKey quotes
· 3 pulledParamount said to today that competition authorities in Australia and New Zealand, as well as Saudi Arabia, Ukraine, Serbia and North Macedonia have approved its pending merger with Warner Bros. Discovery.
Foreign direct investment authorities in Germany, Slovenia, Belgium, Czechia, New Zealand, Italy, France and Romania are also on board, the David Ellison-run company said in an SEC filing.
The deal is still awaiting key greenlights from the U.S. Department of Justice, the EU and the U.K., where regulators said on Tuesday they are opening a Phase 1 inquiry into the combination.
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