Live Updates > Live Update Details
2026-02-20 21:51:10
[Paramount's Acquisition of Warner Bros. Discovery Receives US Regulatory Approval, 10-Day Waiting Period Ends] ⑴ Paramount's acquisition offer for Warner Bros. Discovery has passed a key regulatory hurdle. The 10-day regulatory waiting period officially expired after the US Department of Justice completed its compliance certification of the transaction. This means that there are no legal obstacles for Paramount to complete the proposed acquisition in the United States. ⑵ Cross-border regulatory approvals are progressing simultaneously. Paramount received approval for the acquisition from the German foreign investment authority in January of this year. With the expiration of the US waiting period, regulatory obstacles in major jurisdictions have been largely cleared. ⑶ Complex background to the transaction negotiations. Warner Bros. Discovery announced earlier this week that it would restart negotiations with Paramount, a decision that could trigger a bidding war with Netflix. Netflix was previously considered Paramount's preferred bidder, and Warner Bros. Discovery's re-entry has changed the landscape of the transaction. ⑷ Regulatory approval has cleared key obstacles for the transaction, but the possibility of a bidding war remains unresolved. If Warner Bros. Explore and Paramount reach a final agreement, whether Netflix will raise its offer or withdraw from the competition will become the next focus of market attention.
