The EU has opened a Phase 1 antitrust review of Paramount Skydance's $81-111B Warner Bros. Discovery acquisition, scrutinizing $24B in Gulf sovereign fund

The UK's competition watchdog has launched a formal merger enquiry into Paramount Skydance's anticipated $110bn (£86bn) acquisitoon of WBD

The deadline for the Competition and Markets Authority to decide on a possible phase 2 investigation is Aug. 7.