Global Approvals Secured for Paramount-WBD Merger, Q3 Closure Anticipated
The $110 billion merger between Paramount Skydance Corporation (NASDAQ: PSKY) and Warner Bros. Discovery Inc. (NASDAQ: WBD) has successfully navigated all regulatory obstacles stipulated in the deal agreement. This marks a significant accomplishment across 68 jurisdictions worldwide.
On August 14, the final clearance was granted by Mexico. This concluded a comprehensive sequence of global approvals from the European Union, United Kingdom, Australia, Canada, Brazil, China, COMESA, and the U.S. Department of Justice. Paramount stated that regulators in each market independently found no grounds to obstruct the transaction, evaluating it based on contemporary definitions of audience entertainment consumption and media company competition.
As per the deal’s conditions, Paramount will purchase all outstanding WBD shares at $31.00 per share in cash, which represents a 147% premium to WBD’s pre-deal price. WBD shares have seen a nearly 7.5% surge over the past eight trading sessions. The gap between the current stock price and Paramount’s offer has narrowed to around $3, the smallest spread since early March.
The only remaining hurdle is an antitrust lawsuit filed by 12 U.S. state attorneys general, spearheaded by California. Paramount CEO David Ellison has expressed that the global regulatory consensus indicates the deal is pro-competitive. The company is on track to finalize the deal by September 2026, before a costly ticking fee starts to accumulate.
Source: Broadband TV News – August 15, 2026