What Happened
Regulators Investigate Financial Support From Sovereign Wealth Funds
The European Commission is reviewing the proposed merger between Paramount and Warner Bros. Discovery, citing concerns over the deal’s financial backing from three Middle Eastern sovereign wealth funds. The $110 billion merger, which would unite two historic Hollywood studios, is also being investigated by California Attorney General Rob Bonta and the United Kingdom’s antitrust authority. The deal has drawn intense pushback from hundreds of Hollywood actors, directors, producers, and writers, who argue it would further consolidate the media landscape. The European Commission will decide by Sunday whether to sign off on the merger or open a full investigation, as reported by NBC News.