European Union approves $81 billion Paramount-Warner Bros. deal

The European Commission approved Paramount's $81 billion takeover of Warner Bros. Discovery, clearing a major regulatory hurdle. The EU antitrust enforcer determined that sufficient competition remains in the film industry, though the greenlight includes specific conditions. This approval comes just days after the process stalled in the United States due to pending litigation. The decision allows the merger of Paramount Skydance and Warner Bros. Discovery to proceed within the European Union despite the ongoing legal challenges abroad.