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Britain begins formal review of Paramount' s $110 billion Warner Bros deal

The watchdog will assess whether the merger could substantially lessen competition, with a decision due by Aug. 7 and a possible Phase 2 referral.

  • Paramount is seeking to acquire Warner Bros. Discovery in a $110 billion deal that is under scrutiny by regulators in the UK, EU, US states, and others over competition concerns.
  • The UK's Competition and Markets Authority initiated a Phase 1 antitrust investigation on June 10, with an initial decision due by August 7, 2026, to determine whether a deeper Phase 2 probe is needed.
  • California and multiple other US states, led by Democratic attorneys general, are preparing a potential lawsuit to block the merger, focusing on markets such as theatrical distribution and news.
  • Robert Van Nest, a trial lawyer known for tech cases, is in talks to represent California and other states in the potential lawsuit against Paramount.
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The British competition regulator CMA is launching an evaluation of the acquisition of Warner Bros. Discovery by Paramount Skydance, a takeover valued at 110 billion dollars. Following an investigation, the Competition and Markets Authority (CMA) will decide whether to approve the deal or refer it for an even more thorough evaluation. This is to determine whether the deal could harm the competitiveness of the UK entertainment sector.

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sherwood.news broke the news on Monday, June 8, 2026.
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