EU conditionally approves Paramount's $110 billion acquisition of Warner Bros. Discovery

PSKY +2.89% DIS +1.39%

1. 1The EU has conditionally approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery.
2. 2Paramount must divest its stake in its joint venture UIP with Universal within the European Economic Area and will be barred from entering a film co-distribution agreement with Universal in Europe for 10 years.
3. 3The acquisition is also facing headwinds across the Atlantic in the US, where a federal judge in California has temporarily halted the merger this week, with a preliminary injunction hearing scheduled for August 3.

Source The Wall Street Journal +4 · View original ↗

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