Paramount Skydance's bid for Warner Bros. Discovery cleared in Australia
( June 9, 2026, 05:28 GMT | Official Statement) -- MLex Summary: Paramount Skydance Corporation’s global acquisition of Warner Bros. Discovery has been cleared by Australia's competition regulator. The Australian Competition & Consumer Commission on Tuesday said the acquisition is unlikely to substantially reduce competition in Australia because there is ongoing competition from other global and local media, streaming and broadcasting providers. Paramount operates in Australia via its free‑to‑air station, Network 10 and the subscription streaming service Paramount+. Warner Bros. Discovery has a strong Australian presence across pay TV and streaming, and participates in film distribution and local TV production through its Australian subsidiaries. The watchdog concluded after a review that the $110 billion deal would not significantly harm rivals through content access or vertical integration.Statement follows. Determination attached. ...
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