BRUSSELS, June 2 (Reuters) - Paramount Skydance Corp ( PSKY )
has sought EU antitrust approval for its acquisition of
Warner Bros Discovery ( WBD ), a European Commission filing
showed on Tuesday.
* The proposed $110 billion takeover would unite two of the
entertainment industry's most enduring franchises, though
critics including some Hollywood stars have said it could
endanger film and television jobs.
* The Commission, which acts as EU competition enforcer,
will decide by July 7 whether to clear the deal with or without
remedies or open a full-scale investigation if it has serious
concerns.
* Paramount is prepared to divest minor channels such as its
children's brands to address any competition concerns, sources
told Reuters in February.
* U.S. antitrust regulators appear ready to approve the deal
after a two-hour meeting at the Justice Department, Semafor
reported last month.