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Benzinga
Benzinga
Business
Namrata Sen

Paramount Skydance Wins EU Approval for Warner Bros. Discovery Deal After Offering This Key Concession— but US Hurdles Loom

Paramount DIS Paramount Skydance Warner United States Universal Donald Trump European Union Paramount Skydance Corp PSKY
Warsaw,,Poland,-,Feb,10,,2026:,Mobile,Screen,Displaying,Paramount

Paramount Skydance Corp. (NASDAQ:PSKY) has secured European Union antitrust approval for its $110 billion acquisition of Warner Bros. Discovery (NASDAQ:WBD) after agreeing to end its film distribution joint venture with Universal Pictures.

On Wednesday, the European Commission said Paramount’s commitment to dissolve the United International Pictures joint venture in Europe within 13 months of closing the deal resolves its competition concerns.

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