The European Union's antitrust authority is poised to carry out a concurrent assessment of the rival bids put forth by Netflix and Paramount for Warner Bros. This proposed acquisition encompasses pivotal entertainment assets, including DC Comics, and has the potential to significantly alter the dynamics of the Hollywood scene. By conducting a concurrent review, the EU aims to bolster its sway over the future trajectory of Warner Bros. On Tuesday, Netflix revised its acquisition offer to an all-cash transaction and secured the unanimous backing of Warner Bros.' board of directors. Nevertheless, any deal will be subject to rigorous antitrust examinations.
