Britain’s competition authority, the CMA, unconditionally approved Paramount Skydance’s approximately $110 billion acquisition of Warner Bros. Discovery, concluding that the mega-merger does not raise competition concerns in the UK. The US Department of Justice and the European Commission had already granted their approvals in June and July 2026 respectively. Shareholders approved the transaction on April 23, 2026. A US federal court temporarily paused the deal amid ongoing litigation, with proceedings expected to conclude by August 17, 2026. The combined entity is projected to generate roughly $70 billion in annual revenue with approximately 207 million streaming subscribers.
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