17:I[87134,["/_next/static/chunks/abf43a076ddbd945.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/5ac73fe2b25fc6c9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/92bdbfeca3f655f7.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/733be0453bf96ece.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/27718c319dd13e9b.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/34c922b381f458e9.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA","/_next/static/chunks/c85eefbddd563073.js?dpl=dpl_F6KiLDDFSAiMcLzw3V2cQMgAbhkA"],"default"] 18:T542,

(RTTNews) - Paramount Skydance Corp. (PSKY) secured UK regulatory approval on Thursday for its purchase of Warner Bros. Discovery, Inc. (WBD), advancing the major media industry combination.

The UK Competition and Markets Authority has now formally approved the transaction. As a result of the CMA ruling, regulators in 66 regions have either cleared the merger or opted not to raise objections on competition or foreign investment issues.

Paramount has also completed a deed of covenant with the UK Department for Digital, Culture, Media and Sport. Paramount Skydance noted that the merger will form a larger media and entertainment entity.

These approvals confirm that uniting Paramount and WBD will expand viewer options and support a creativity-led firm in backing more productions for global audiences.

In pre-market Nasdaq trading, Paramount Skydance shares fell 0.57 percent to $8.71 after rising 4.53 percent in Wednesday's regular session.

Warner Bros shares gained 0.85 percent to $26.19 during pre-market Nasdaq activity following a 0.70 percent increase at the close of Wednesday's session.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.