Paramount (PARA) faces EU scrutiny over Warner Bros. Discovery deal

U.S. and European lawmakers expressed that Paramount Skydance's proposed acquisition of Warner Bros. Discovery (WBD) will undergo extensive scrutiny by European regulators. Despite a preliminary shareholder vote favoring the merger, concerns remain regarding market definition and potential competition barriers. Lawmakers noted that the transaction could substantially lessen competition in interconnected markets such as film and television production. Paramount's CEO, David Ellison, stated progress was being made to finalize the acquisition by September 2026, emphasizing strategic excitement regarding the merger.