UK Regulators Approve Paramount Skydance Acquisition of Warner Bros. Discovery

The United Kingdom Competition and Markets Authority (CMA) has formally cleared the $111 billion acquisition of Warner Bros. Discovery by Paramount Skydance Corporation. This regulatory approval marks a significant step towards completing the merger, despite ongoing antitrust challenges in the U.S. from state attorneys general and the Writers Guild of America. The CMA concluded that the combined entity would still face sufficient competition from other major studios.