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EU Approves $110bn Paramount Warner Merger
European regulators have approved Paramount Skydance's $110 billion merger with Warner Bros Discovery, conditional on ending a distribution partnership with Universal Pictures in Europe. Despite approval, the deal remains blocked in the US, where a coalition of states and the Writers Guild of America oppose it, citing potential harm to theaters, jobs, and wages. If not completed by September 30, Paramount faces a daily $7 million penalty until the merger is finalized.
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