The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Paramount Skydance Corporation of Warner Bros Discovery. The approval is conditional upon full compliance with the commitments offered by Paramount. Paramount and Warner are both active in the production and distribution of theatrical and audiovisual entertainment content, such as films and […]

The US Department of Justice Antitrust Division has closed its investigation of the merger of Paramount Skydance and Warner Bros and determined, based on the evidence received in its investigation, that the transaction is not likely to result in harm to competition or American consumers, including with respect to: (1) streaming video on demand (SVoD); […]

The WBD board has recommended the improved cash bid of Paramount and as a result Netflix, which had agreed a deal, has walked away declaring WBD wasn’t worth Paramount’s offer. Paramount’s February 24th proposal includes a price of $31 cash per WBD share, plus a daily ‘ticking clock’ fee equal to $0.25 per share per […]