EU To Examine Paramount's Middle Eastern Backing For Warner Bros Deal
Deadline • • business
Key Points:
- The European Commission will scrutinize Middle Eastern funding in the Paramount and Warner Bros. Discovery merger under the Foreign Subsidies Regulations.
- Paramount’s $24 billion takeover of WBD includes investments from Saudi Arabia’s Public Investment Fund, Qatar Investment Authority, and Abu Dhabi’s L’imad Holding Co., alongside U.S. investors.
- The Commission must decide by July 14 whether to approve the deal or launch a full investigation into foreign subsidies.
- This review is separate from the ongoing merger investigation, which is currently in Phase 1 with a July 7 deadline, and experts expect a Phase 2 investigation to follow.