EU Approves Paramount's $110 Billion Purchase of Warner Bros. Discovery, With Conditions

The EU approved Paramount Skydance's $110 billion purchase of Warner Bros. Discovery on July 22, 2026, but set conditions. Paramount must leave a European film-distribution partnership with Universal within 13 months and stop sharing distribution with them for ten years. The EU said the partnership gave the combined company an unfair edge. The deal still faces a US lawsuit and possible UK action.