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Update: Market Chatter: Paramount's Warner Bros. Acquisition to Draw EU Scrutiny

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(Update with Paramount Skydance's response to a request for comment.)

Paramount Skydance's (PSKY) acquisition of Warner Bros. Discovery (WBD) will be carefully scrutinized by European regulators, CNBC reported Thursday, citing a letter sent to Paramount Skydance Chief Executive David Ellison from a group of US and European lawmakers it viewed.

"Paramount has been engaging constructively and proactively with regulatory agencies which are rigorously reviewing the transaction," a Paramount spokesperson toldvia email. "We have proactively made clear output-enhancing commitments: to increase output to an annual 30 high-quality films released in theatres, to continue licensing content, and to preserve iconic brands with independent creative leadership."

(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: $10.44, Change: $-0.04, Percent Change: -0.33%

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