The European Commission has approved the proposed acquisition of Warner Bros. Discovery by Paramount Skydance Corporation, conditional on commitments offered by Paramount, the regulator announced.
The approval was granted on July 22, 2026, according to the Commission. The conditions aim to address competition concerns.
The bid's value is disputed. Some sources, including The Wall Street Journal, report it at $81 billion, while others, such as Bloomberg and U.S. News, put the figure at $110 billion.
The proposed acquisition also faces a challenge by U.S. states.
Reporters Without Borders (RSF) has raised concerns that the merger may jeopardize the editorial independence of TVN24, a Polish news channel owned by Warner Bros. Discovery.
Updates
Paramount has committed to terminating its film distribution joint venture with Universal Pictures to address competition concerns, with a 13-month deadline following the merger's closing to complete the exit. Additionally, the acquisition of Warner Bros. Discovery by Paramount Skydance Corporation is now reported to be valued at £80 billion.
Paramount has committed to dissolving its film distribution joint venture with Universal Pictures within 13 months of closing the deal to satisfy EU regulatory conditions. Additionally, a federal judge in California has issued an order temporarily halting the merger this week. The acquisition of Warner Bros. Discovery by Paramount Skydance Corporation is now reported to be valued at £80 billion.
Paramount has committed to dissolving its film distribution joint venture with Universal Pictures within 13 months of the deal's closing to satisfy European Commission requirements. Additionally, a federal judge in California has issued an order for the companies to temporarily pause the merger this week. The transaction between Paramount Skydance Corporation and Warner Bros. Discovery is now reported to have a valuation of £80 billion.
Paramount has committed to dissolving its film distribution joint venture with Universal Pictures within 13 months of closing the deal to address EU concerns. While Paramount characterized the regulatory approval as 'a major milestone,' a federal judge in California has ordered a temporary pause on the merger process this week. Additionally, the transaction between Paramount Skydance Corporation and Warner Bros. Discovery is now reported to be valued at £80 billion.
