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Benzinga
Benzinga
Business
Namrata Sen

Paramount Skydance Scrambles to Clear EU Hurdle in $110 Billion Warner Bros Discovery Mega-Deal As Review Deadline Gets Extended

Paramount Paramount Skydance Warner Bros Warner Bros Discovery European Union PSKY European Commission United Kingdom
New,York,,Ny,,Usa,-,July,3,,2022:,Paramount,Logo

Paramount Skydance Corp (NASDAQ:PSKY) has reportedly put forth solutions to address the European Union’s competition concerns over its $110 billion acquisition of Warner Bros Discovery (NASDAQ:WBD).

Paramount has expressed confidence in its proposed solutions, claiming that they “directly and comprehensively address any concerns expressed in the European Commission’s preliminary assessment and support the path for timely clearance”, reported Reuters on Wednesday, citing a regulatory filing.

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