Paramount Skydance Receives Key Regulatory Clearances for Warner Bros. Discovery Merger

Paramount Skydance Corporation (PSKY) provided an update on its pending merger with Warner Bros. Discovery, Inc. (WBD), announcing it has received regulatory clearance in Canada and approval in South Africa. The merger, originally announced on February 27, 2026, will result in WBD becoming a wholly-owned subsidiary of PSKY.

Key Details

• Canadian Clearance: The statutory waiting period under the Competition Act (Canada) expired on June 20, 2026, removing a statutory impediment to the merger in Canada.
• South African Approval: The Competition Commission of South Africa approved the merger on June 19, 2026.
• Next Steps: The completion of the merger remains subject to obtaining regulatory clearances in other jurisdictions, and PSKY continues to engage with global regulators.