British Government Likely to Intervene in Paramount’s Proposed $110 Billion Takeover of Warner Bros. Discovery

Variety

British Government Likely to Intervene in Paramount’s Proposed $110 Billion Takeover of Warner Bros. Discovery

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The British government has signalled that it is likely to intervene in Paramount Skydance’s proposed $110 billion takeover of Warner Bros.

Discover, citing concerns about maintaining media plurality.

Lisa Nandy, the U.K.’s Secretary of State for Culture, Media and Sport, said in a statement on ‌Tuesday, “Following engagement with the parties and independent research, my […] ...

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