Mexico approves merger between Warner Bros. Discovery and Paramount Skydance

(KYMA) - Paramount Skydance announced Mexico has approved their proposed takeover of Warner Bros. Discovery (WBD) Friday.

In a press release, Mexico is one of nearly 70 countries to have approved of the merger, including the United Kingdom.

The U.S. Department of Justice also approved of the merger back in June.

"We are grateful that competition authorities in nearly 70 jurisdictions worldwide have independently and thoroughly reviewed this transaction and reached the same conclusion: it is pro-competitive, pro-consumer and pro-worker," said David Ellison, CEO of Paramount.

However, Ellison said the litigation brought by 12 state attorneys general, including Arizona and California, remains the "final obstacle to completing" the merger.

In addition, the Writers Guild of America has also filed a lawsuit to block the merger between Paramount and WBD.

As a result of the lawsuits, Paramount announced they were delaying the merger, with Judge Araceli Martinez-Olguin has set a trial date for March of next year.

"While we remain confident that the law and the facts are on our side, we have offered commitments and concessions and remain open to working constructively with the State AGs to find a path forward in the interest of our employees and the creative community in California and across the world – just as we have with the regulators in 68 countries worldwide," said Ellison.

A Paramount spokesperson declined to share the concessions that have been offered.

In a letter to both Ellison and California Attorney General Rob Bonta, the Directors Guild of America and International Alliance of Theatrical Stage Employees called for them to "negotiate a resolution that ameliorates the anti-competitive aspects" of the merger.

The letter comes a day after Paramount announced it will move out of California if a deal isn't reached by October 1.