This article first appeared on GuruFocus .
Warner Bros. Discovery ( NASDAQ:WBD ) is ticking higher after a report suggested European regulators may not put up much resistance to its proposed sale to Paramount Skydance.
The stock edged up about 0.7% after chatter that the European Commission is leaning toward clearing the roughly $110 billion deal, possibly without going into a deeper Phase 2 investigation. According to the report making the rounds, regulators appear less convinced by arguments from opponents, which is helping sentiment around the deal. The filing hasn't officially gone in yet, but both sides are said to be targeting late May or early June.
This isn't coming out of nowhere. Earlier signals from Paramount Skydance suggested confidence around getting approvals in Europe, even leaving the door open for divestments if needed to smooth things over. There have also been updates on how the deal would be funded, including plans involving about 49.5% foreign ownership, which regulators are likely keeping an eye on.
