Paramount Skydance/Warner Bros. Discovery: EC Asks Questions Related to Foreign Subsidies Probe, Sources Say

Published on Mar 24, 2026

The European Commission has sent fresh requests for information (RFIs) to Paramount Skydance (PSKY) as part of its foreign subsidies investigation into the company’s proposed $81 billion acquisition of Warner Bros. Discovery (WBD), according to two sources familiar with the probe. The questions are aimed at understanding whether the financial backing from sovereign wealth funds involved in the transaction, including Saudi Arabia’s Public Investment Fund, Qatar Investment Authority, and Abu Dhabi’s L’imad Holding, constitutes contributions that could distort the single market…

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