Paramount’s $110B bid for Warner Bros. Discovery Series A (NASDAQ:WBD) faces EU scrutiny with a July 22 decision after unspecified remedies, while the UK may also probe the deal — even as Seaport Global upgrades WBD to Buy with a $31 target, reflecting investor optimism amid regulatory uncertainty.
Previous Week Recap
- EU Sets July 22 Deadline: EU Commission set July 22 deadline to rule on Paramount’s $110B takeover of Warner Bros. Discovery Series A (WBD) after Paramount Skydance filed undisclosed commitments to address antitrust concerns.
- UK May Probe PSKY-WBD: UK government may probe PSKY-WBD deal; culture minister open to intervention. Media regulator and antitrust authority could report on competition effects for Warner Bros. Discovery (WBD).
- Seaport Upgrades WBD To Buy: Seaport Global upgraded Warner Bros. Discovery (WBD) from Neutral to Buy and set a $31 price target per share in a research update.
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