Paramount Skydance has formally proposed concessions to address European Union antitrust concerns regarding its $110 billion acquisition of Warner Bros. Discovery. The European Commission disclosed the move in a filing on its website on Wednesday, which gave no details of the offer. The EU authority set a new deadline of July 22 to decide whether to clear the deal or open an in-depth probe. Separately, Warner Bros. Discovery edged lower by 0.6% on Tuesday after a UK official said she is minded to intervene in the deal on public interest grounds, citing concerns over sufficient plurality in news media and control of media enterprises.
Paramount Skydance Corporation Class B Common StockParamount proposes concessions to address EU antitrust concerns, increasing likelihood of deal clearance.
Warner Bros Discovery IncUK official signals intervention on public interest grounds, threatening deal approval.