Paramount Global is reportedly prepared to sell its children's television channels as part of efforts to secure European Union approval for its proposed $110 billion merger with Warner Bros. Discovery, according to people familiar with the matter.

The potential divestiture would aim to address competition concerns raised by EU regulators who are reviewing the massive media deal. The European Commission is examining whether the combined entity would create excessive market concentration in certain segments of the entertainment industry.

Children's programming represents a significant area of overlap between the two media companies, with both Paramount and Warner Bros. Discovery operating popular kids' channels and content libraries. EU antitrust officials typically scrutinize such overlaps to ensure consumers maintain access to diverse programming options.

The proposed merger would create one of the world's largest media conglomerates, combining Paramount's assets including CBS, MTV, and Nickelodeon with Warner Bros. Discovery's portfolio that includes HBO, CNN, and the Discovery Channel. The deal requires approval from multiple regulatory bodies across different jurisdictions.

Neither Paramount Global nor Warner Bros. Discovery immediately responded to requests for comment regarding the potential channel sales. The companies have previously stated their commitment to working with regulators to address any concerns about the transaction.