CMA clears Paramount/WBD merger
August 6, 2026

By Colin Mann



The UK’s Competition and Markets Authority (CMA) has cleared the anticipated acquisition by Paramount Skydance Corporation of Warner Bros Discovery (WBD) – a deal valued at $110 billion (€95.2bn). The full text of the decision will be published in due course.

On June 30th, Lisa Nandy, the Secretary of State for Culture, Media and Sport announced she was ‘minded to’ issue a public interest intervention notice regarding the proposed acquisition.


The CMA announced the launch of its merger inquiry by notice to the parties on June 9th. The EC conditionally approved the deal on July 23rd.

Progress on the deal in the US has been paused following legal challenges from a number of States.