The UK Competition and Markets Authority approved on the 6th the roughly 110 billion dollar acquisition of Warner Bros. Discovery by Paramount Skydance. Paramount CEO David Ellison offered legally binding guarantees for at least five years on the editorial independence of UK terrestrial Channel 5 and on UK-produced programming, averting a prolonged review. The CMA indicated that competition in film distribution, children's programming, and streaming would not be substantially lessened, and Paramount welcomed the decision as a key milestone toward completing the transaction. The main remaining hurdle is a lawsuit brought by the state of California and others.
Paramount Skydance Corporation Class B Common StockUK regulator approves Paramount's acquisition of Warner Bros. Discovery, a key regulatory milestone.
Warner Bros Discovery IncUK regulator approves Paramount's acquisition of Warner Bros. Discovery, advancing the deal.
