Key facts
- Skydance has formally asked the European Union for approval of its takeover of Warner Bros. Discovery.
- The proposed takeover is valued at $110 billion.
Skydance has initiated the formal process of seeking regulatory approval from the European Union for its proposed $110 billion acquisition of Warner Bros. Discovery. This application to the EU's competition authorities is a critical milestone in the potential merger, indicating that the deal is progressing beyond initial discussions and into a phase requiring detailed antitrust review.