Paramount’s £80bn takeover of Warner Brothers a step closer after EU approval

European Commission says Paramount Skydance’s decision to end Universal venture addresses merger concerns Paramount Skydance’s £80bn takeover of Warner Brothers took a step closer to being realised after it won conditional approval from the European Union. The European Commission said Paramount’s offer to ⁠end a film ⁠distribution ​joint venture with Universal Pictures addressed its concerns over the potential merger. As part of its commitments in the EU, Paramount has 13 months from the date of