BRUSSELS, June 2 (Reuters) – Paramount Skydance Corp has sought EU antitrust approval for its acquisition of Warner Bros Discovery, a European Commission filing showed on Tuesday.
• The proposed $110 billion takeover would unite two of the entertainment industry’s most enduring franchises, though critics including some Hollywood stars have said it could endanger film and television jobs.
• The Commission, which acts as EU competition enforcer, will decide by July 7 whether to clear the deal with or without remedies or open a full-scale investigation if it has serious concerns.
• Paramount is prepared to divest minor channels such as its children’s brands to address any competition concerns, sources told Reuters in February.
• U.S. antitrust regulators appear ready to approve the deal after a two-hour meeting at the Justice Department, Semafor reported last month.
(Reporting by Foo Yun CheeEditing by David Goodman)
Comments