EU Approves Paramount-Warner Merger | Miami News

The EU just approved Paramount’s $81 billion takeover of Warner Bros. Discovery, clearing a major hurdle despite concerns about theater distribution deals. To ease fears, Paramount will exit a key European joint venture within 13 months and can’t renew deals with it for a decade. The merger unites giants like HBO Max, CNN, and Harry Potter with CBS and Top Gun, promising more consumer choice and a powerhouse rival to tech giants. But in the U.S., 11 states are suing to block it, claiming it’ll crush competition — while the Justice Department backed the deal. Approvals are also in place from Australia, China, and Canada, with the U.K. still reviewing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b678579382054d43