European Union antitrust regulators said on Wednesday they had signed off on Paramount Skydance's proposed acquisition of Warner Bros. Discovery.
The approval, which included concessions made by Paramount, came as the deal has been delayed in the U.S. due to concerns raised by state attorneys general.
A Paramount spokesperson didn't immediately respond to comment.
In order to garner the approval, the European Commission said Paramount agreed to divest its stake in a film distribution joint venture with United International Pictures in Europe, and said it would not enter into any film distribution deal with Universal for the next 10 years in Europe.
"These commitments fully address the competition concerns identified by the Commission by ensuring that the films of the merged entity will not be distributed jointly with those Universal or Disney," according to the EU's release.
This is breaking news. Please refresh for updates.
English (US) · 