The $110bn deal will require approval from regulatory authorities in the US, the EU and the UK

Champagne reportedly flowed at Paramount Skydance headquarters late last week after the media conglomerate edged out Netflix to acquire the entirety of Warner Bros Discovery for a cool $110bn.

And on a call with analysts and investors on Monday morning, David Ellison, Paramount Skydance’s chief executive, said the company was “absolutely confident” that the merger will expeditiously pass regulatory muster both in the US and abroad.