United Kingdom: Competition and Markets Authority closes consultation for Phase 1 investigation into anticipated acquisition of Warner Bros. Discovery by Paramount Skydance Corporation

On 27 April 2026, the Competition and Markets Authority closes its consultation for the Phase 1 investigation into the anticipated acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The consultation allowed interested parties to submit initial views on the impact the transaction could have on competition in the UK. The CMA had received the necessary information from the parties to commence pre-notification prior to formally launching its Phase 1 investigation. The case covers the communications sector.