Paramount Skydance announced it indicated openness to divesting select children’s television assets to secure clearance, potentially including elements of the Cartoon Network brand, its linear channels, production studio, and extensive animated library. Paramount Skydance would set up a bidding war which Netflix, Amazon, Apple, Sony, and Comcast would bid against each other to buy Cartoon Network.

On June 25, 2026, Phase 1 review of Paramount Skydance-WBD deal was completed in Brazil, after Alexandro Barreto de Souza exited Brazil's Administrative Council for Economic Defense (CADE), as it started a Phase 2 review.