Paramount Claims Early European Regulatory Progress For WBD Deal
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Paramount Skydance has a good feeling about European approval for its $111B takeover of Warner Bros. Discovery (WBD). Andy Gordon, Par’s Chief Strategy Officer and Chief Operating Officer, told Wall Street analysts that his company had “already made significant progress in securing regulatory clearances globally” prior to the WBD dramatically deal closing last week. News […]
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Paramount Skydance has a good feeling about European approval for its $111B takeover of Warner Bros. Discovery . Andy Gordon, Par’s Chief Strategy Officer and Chief Operating Officer, told Wall Street analysts that his company had “already made significant progress in securing regulatory clearances globally” prior to the WBD dramatically deal closing last week . News had previously broken that the European Commission made the unusual move of beginning probes into both Paramount and Netflix’s offers for WBD. “There’s no statutory impediments to close in the United States, we’ve initiated pre-notification discussions with the European Commission already,” said Gordon. “As an example of our progress, Germany and Slovenia have already given their approval to proceed. We look forward to working with the remaining regulators across the world over the coming months.” Watch on Deadline Related Stories News Paramount Lightly Pushes Back On Layoff Speculation Post Warner Merger, Sees Majority Of Savings From "Non Labor Sources"
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