U.K. Won’t Intervene in Paramount’s $81 Billion Takeover of Warner Bros. Discovery
British regulators cleared Paramount Skydance’s pending $81 billion takeover of Warner Bros. Discovery, removing a significant European obstacle to the media megamerger. The U.K. Competition and Markets Authority concluded following a Phase 1 investigation that the acquisition does not pose a “substantial lessening of competition” across the country’s theatrical film or subscription video-on-demand markets. Simultaneously, […]