EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states

European Union antitrust authorities cleared Paramount Skydance’s proposed acquisition of Warner Bros. Discovery on Wednesday, marking a significant regulatory milestone for the $110 billion transaction. The approval came after Paramount agreed to make concessions aimed at addressing competition concerns, including divesting its stake in a European film distribution joint venture with United International Pictures and committing not to enter into any film distribution agreements with Univ