The Paramount Puzzle: What's at Stake in the £80bn Takeover The European Union has conditionally approved the proposed £80 billion takeover of Warner Brothers by Paramount Skydance.
However, this is just one step towards a complex deal that involves not only the entertainment industry but also geopolitics and media policy. At stake is the impact on competition in the global media market.
The combined entity would control a vast array of assets, including CNN, Warner Brothers Pictures, TNT Sports, and HBO Max streaming service.