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Market Chatter: Paramount's Warner Bros. Takeover Set to Get EU Approval

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Paramount Skydance's (PSKY) $111 billion acquisition of Warner Bros. Discovery (WBD) is set to receive the approval of the European Commission, provided the media company accepts certain remedies, the Financial Times reported Wednesday, citing two people involved in the discussions.

The precise remedies are still being discussed between the companies and antitrust enforcers, and they could include a requirement for Paramount to exit a joint venture with Comcast's (CMCSA) Universal Pictures, the report said.

Paramount declined to comment, while the European Commission didn't immediately reply to a request for comment from

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $9.81, Change: $+0.09, Percent Change: +0.95%

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