The European Commission extended its deadline for the Paramount Skydance merger with Warner Bros. Discovery to July 22, 2026. Regulators are currently reviewing concessions offered by Paramount to address antitrust concerns. One proposed remedy involves dissolving United International Pictures, a distribution joint venture with Universal.
The UK Competition and Markets Authority is also investigating the deal. California state officials began preparing a lawsuit to block the merger on July 6. These regulatory hurdles contributed to a nearly 3% drop in PSKY stock during Monday trading.\n A ticking fee of $650 million per quarter activates if the deal is delayed. This financial penalty begins if the merger remains unclosed after September 30.