NewsSOS
European Union regulators approved Paramount's $110 billion acquisition of Warner Bros., clearing the transaction abroad even as a federal judge in the United States moved to suspend it.
The judge paused the merger after ruling that states had raised "serious questions" about antitrust law, producing a split outcome between the two jurisdictions.
A divided regulatory verdict The EU's clearance placed European competition authorities in direct contrast to U.S. state-level opposition, which had moved to block the deal on antitrust grounds.
A federal judge agreed that the challenge met a threshold for intervention and issued the pause. European approval carries no bearing on U.S. The split leaves both companies in an uncertain position.
Keep reading