UK Opens Formal Review of Paramount’s $110 Billion Warner Bros. Discovery Deal

Regulators will assess whether the merger could reduce competition in UK media markets.

Paramount Pictures Studios in Los Angeles, on April 28, 2026. John Fredricks/The Epoch Times

The UK’s competition regulator has formally launched an investigation into Paramount Skydance’s proposed $110 billion acquisition of Warner Bros. Discovery.

The Competition and Markets Authority (CMA) said on June 9 that it had launched phase one of a merger inquiry into the planned acquisition. The regulator has set Aug. 7 as the deadline for its preliminary decision on whether to clear the transaction or conduct a more detailed investigation.