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Paramount to Exit Universal UIP Venture for EU Approval of Merger

Paramount is set to exit its UIP joint venture with Universal as a condition to obtain EU approval of its megamerger with Warner Bros. Discovery. Paramount will exit its United International Pictures distribution joint venture with Universal as a condition for EU approval of its $111 billion takeover of Warner Bros. Discovery. The move is in response to a request for Paramount to exit the vent... [1511 chars]

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