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EU clears $110bn Paramount and Warner Bros merger, but it remains on hold in US
European regulators have cleared Paramount Skydance's $110bn (£85bn) takeover of Warner Bros Discovery – though the mega-merger still faces a legal obstacle in the US.
If the deal isn't completed by 30 September, Paramount will have to pay Warner Bros shareholders a "ticking fee" of roughly $7m a day until it closes.
However, European approval is only half the battle, as the deal remains on hold in the US.
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