Britain's Competition and Markets Authority has cleared Paramount Skydance's roughly $110 billion acquisition of Warner Bros. Discovery, finding no competition concerns in the deal. The clearance follows earlier approvals from the US Department of Justice and the European Commission, though a federal court pause tied to ongoing litigation still hangs over the timeline.
The UK's Competition and Markets Authority has cleared Paramount Skydance's roughly $110 billion acquisition of Warner Bros. Discovery, concluding the deal raises no competition concerns in Britain. Paramount Skydance, led by CEO David Ellison, announced its bid for Warner Bros. Discovery at approximately $31 per WBD share in cash back in February 2026, beating out competing interest from Netflix.
The CMA completed its Phase 2 review by June 9, 2026, before formally clearing the transaction on June 30. The US Department of Justice gave its own clearance on June 12, and the European Commission followed suit on July 22. Shareholders had already approved the acquisition on April 23.
That regulator has historically been one of the more interventionist antitrust bodies globally, which makes the relative ease of this clearance notable given the scale of the transaction.
A US federal court has temporarily paused the deal amid ongoing litigation, with proceedings expected to continue until August 17, 2026, leaving the closing date open even after the regulatory clearances. Once combined, the entity is projected to generate roughly $70 billion in annual revenue, with EBITDA of $16 billion and approximately 207 million streaming subscribers.
Source: Crypto Briefing
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