Paramount Skydance Corporation Class B Common StockUK government leaning towards intervening in the deal, citing media freedom and on-demand programming concerns, which could block or delay the acquisition.
Britain is leaning towards intervening in Paramount Skydance Corp's proposed $110 billion takeover of Warner Bros Discovery, citing concerns over the impact on media freedom and the provision of on-demand programming. Culture minister Lisa Nandy set a July 6 deadline for the companies to respond, noting the deal would affect British assets including Channel 5 and CNN International. If Nandy issues a public interest intervention notice, reviews by media regulator Ofcom and the Competition and Markets Authority would follow, with up to 40 days to report back. The deal has already been cleared by the United States, China, Australia, Germany, France and Saudi Arabia.
Paramount Skydance Corporation Class B Common StockUK government leaning towards intervening in the deal, citing media freedom and on-demand programming concerns, which could block or delay the acquisition.
Warner Bros Discovery IncUK government leaning towards intervening in the deal, citing media freedom and on-demand programming concerns, which could block or delay the acquisition.