00:00It's Benzinga, bringing Wall Street to Main Street.
00:02European Union antitrust regulators approved Paramount Skydance's proposed $110 billion
00:08acquisition of Warner Brothers Discovery after Paramount agreed to concessions, according to
00:13CNBC. Paramount will divest its stake in a European film distribution joint venture and
00:18avoid distribution deals with Universal in Europe for 10 years. The European Commission said,
00:23The commitments address concerns about films from the merged company being distributed
00:27alongside Universal or Disney titles. The deal has now cleared or avoided challenges in 65
00:32jurisdictions, including approval from the U.S. Department of Justice. However, a lawsuit from
00:38U.S. State Attorneys General has delayed the merger. A California judge issued a 14-day restraining order,
00:44while Paramount still expects to close the deal by the end of September.
00:47For all things money, visit Benzinga.com.
Comments