Variety·2 min read·medium
European Commission Approves Paramount-Warner Bros. Merger - Variety
G
Gene Maddaus
✦AI Summary
The European Commission has approved the merger between Paramount Skydance and Warner Bros. Discovery, clearing a major hurdle for the $111 billion deal. As a condition, Paramount must terminate its film distribution partnership with Universal in Europe.
The European Commission approved the merger of Paramount Skydance and Warner Bros. Discovery on Wednesday, removing one of the few remaining obstacles to closing the $111 billion deal. As a condition of the approval, Paramount has already agreed to cancel its film distribution partnership with Universal in Europe within the next 13 months. A federal [...]
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