EU clears $110bn Paramount and Warner Bros merger, but it remains on hold in US
European regulators have cleared Paramount Skydance’s $110bn (£85bn) takeover of Warner Bros Discovery – though the mega-merger still faces a legal obstacle in the US.
The European Commission gave its green light after Paramount agreed to end a major film distribution partnership with Universal Pictures in Europe. Paramount will break off the deal within 13 months and cannot launch a similar venture for 10 years.
Watchdogs were concerned that sharing distribution with a rival would give the co








