Paramount-Warner Bros. Discovery merger gets boost
Digest more
NEW YORK (AP) — The European Union approved Paramount's $81 billion takeover of Warner Bros. Discovery this week, effectively clearing another regulatory hurdle for a mega merger that could vastly reshape the entertainment and media landscape worldwide. But the greenlight comes with certain conditions.
Regulatory officials in Brussels are expected to greenlight Paramount's $111 billion takeover of Warner Bros. Discovery, according to a Financial Times report, following its approval earlier this month by the U.
EU clears $110b Paramount-Warner merger as U.S., U.K. hurdles persist Brussels okays the tie-up with strict distribution remedies as court fights in the U.S. and a U.K. probe cloud the timeline
The powerful EU regulator was one of the last hurdles facing Paramount and Warner Bros. The U.K.'s regulator must still issue its decision, and a lawsuit brought by California and other states opposing the merger is pending in the U.S. The European ...
WME Group executive chairman and TKO Group CEO Ari Emanuel has proposed creating an editorial board to oversee CNN in order to quell concerns about the Ellison family's ownership of the network in the pending $110 billion Paramount-Warner Bros.