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Warner Merger Reportedly Set To Clear EU Antitrust Hurdles
Deadline • • business
Key Points:
- Paramount's $110 billion merger with Warner Bros. Discovery is nearing approval from the European Commission, which is expected to clear the deal without a deeper investigation.
- The European Commission has until July 7 to decide and recently held meetings with representatives from both companies.
- Paramount may be required to make concessions to address monopoly concerns, potentially including ending its international distribution agreement with Universal Pictures.
- Paramount is also reportedly prepared to divest some children's TV network assets to satisfy EU regulatory requirements.
- The European Commission's review is separate from the UK Competition and Markets Authority's ongoing merger inquiry into the deal.
