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Türkiye’s Competition Authority has conditionally approved Paramount Skydance Corporation, a U.S. entertainment group, to acquire sole control of Warner Bros. Discovery Inc., another U.S. media conglomerate, completing the regulatory process in Türkiye for the planned $110 billion takeover.
The board announced the decision on Friday on its website, allowing the acquisition to proceed subject to conditions, although its public announcement does not specify the commitments attached to the approval.
The acquisition would give Paramount control of Warner Bros. Discovery’s existing entertainment operations in Türkiye, including its Max streaming service.
Max launched in Türkiye on April 15, 2025, following Warner Bros. Discovery’s acquisition of full control of BluTV in December 2023. The company had previously held a 35% stake in the Turkish streaming platform before acquiring the remaining 65% for $50 million.
The service features Warner Bros. films, HBO and Max Originals, as well as programming from Discovery, TLC and Cartoon Network. It also offers Eurosport sports coverage and CNN International content.
Beyond Max, Warner Bros. Discovery’s local TV channel portfolio in Türkiye includes Cartoon Network Türkiye and Cartoonito Türkiye.
Paramount agreed in February to acquire Warner Bros. Discovery, valuing the transaction at $81 billion in equity value and $110 billion in enterprise value. The companies expect the deal to combine their film and television studios, streaming services, sports and news businesses.
The combined company would bring together Paramount Pictures, CBS, Nickelodeon, MTV, Paramount+ and Pluto TV with Warner Bros., HBO, Max, CNN, DC Studios, Discovery and Warner Bros. Games. Paramount also projects more than $6 billion in synergies from the combination.
Paramount announced Aug. 14 that it had secured the regulatory clearances required under the merger agreement across 68 countries, following an eight-month review.
In July, the European Commission cleared Paramount’s acquisition of Warner Bros. Discovery subject to commitments addressing concerns over film distribution. The Commission found that the deal would significantly increase concentration in European countries where Paramount and Universal distribute films through their joint venture, United International Pictures (UIP).
Paramount therefore committed to end its participation in UIP in the European Economic Area within 13 months of closing. It also agreed that, for 10 years, it would not enter into co-distribution agreements with Universal in the EEA or transfer certain Warner and Paramount film-distribution arrangements to distributors that also handle Universal or Disney films.
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