The European Union has launched a review of Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery. This investigation is being conducted under the Foreign Subsidies Regulation.
Regulators are scrutinizing significant financial backing from sovereign wealth funds in Saudi Arabia, Qatar, and Abu Dhabi. The European Commission will issue an initial decision by July 14.
The Commission will either approve the transaction or launch a comprehensive 90-day investigation. This inquiry runs in parallel with a separate, standard antitrust merger review.