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

On 13 April 2026, the Competition and Markets Authority (CMA) opened a consultation for its Phase 1 investigation into the anticipated acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation until 27 April 2026. The consultation allows 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 but had not yet formally launched its Phase 1 investigation. The case covers the communications sector.