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Paramount / Warner Bros. Discovery merger inquiry

The Competition and Markets Authority (CMA) is investigating the anticipated acquisition by Paramount Skydance Corporation of Warner Bros. Discovery, Inc.

Statutory timetable

Date Action
7 August 2026 Deadline for phase 1 decision (*)
9 June 2026 Launch of merger inquiry
13 April to 27 April 2026 Invitation to comment

(*) Whilst the CMA will seek to determine its investigation as quickly as possible, the statutory deadline can be extended in certain limited circumstances.

Phase 1

Launch of merger inquiry

9 June 2026: The CMA announced the launch of its merger inquiry by notice to the parties.

Invitation to comment: closed

The CMA is issuing this ‘invitation to comment’ to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. This invitation to comment is the first part of the CMA’s information-gathering process.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.

Pre-notification

The CMA has received the necessary information from the parties to commence pre-notification.

Contact

Please send written representations about any competition issues to: paramount.warnerbrosdiscovery@cma.gov.uk

Privacy notice

Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please read our privacy notice.

Updates to this page

Published 13 April 2026
Last updated 9 June 2026 Show all updates
  1. Commencement notice published.

  2. First published.