EU Clears Paramount's $81B Warner Bros. Discovery Takeover, Removing Key Hurdle
WBD has more than doubled off its 52-week low of $10.76.
Summary
The European Commission unconditionally approved Paramount Skydance's $81 billion acquisition of Warner Bros. Discovery, a critical regulatory milestone. Austria also cleared the deal, and Paramount secured antitrust and foreign investment approvals in ten other countries. This follows a US DOJ nod in June and a temporary restraining order issued by a California judge just days ago. The EU green light removes a major overhang, signaling the deal is on track despite ongoing state-level litigation. With multiple jurisdictions now aligned, the path to closing narrows significantly. Watch for resolution of the California lawsuit and any remaining regulatory reviews.
At the time of this announcement, WBD was trading at $25.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $64.8B. The 52-week trading range was $10.76 to $30.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: dpa-AFX.