Topline
The European Union on Wednesday approved Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, even as the deal faces pushback in the U.S. over concerns the agreement violates antitrust law.
A federal judge paused the merger, ruling states had raised “serious questions” about antitrust law.
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Key Facts
The European Commission said in a statement Paramount’s deal for Warner Bros. was approved after Paramount agreed to end a distribution agreement with Universal Pictures in Europe, which regulators said “fully [addresses]” competition concerns.
This is a developing story.