Paramount-Warner Bros. Merger to Be Formally Investigated by U.K. Competition Watchdog

The U.K.’s competition regulator, the Competition and Markets Authority, has started an investigation into the proposed $110 billion acquisition by David Ellison-led Paramount Skydance of Warner Bros.

Discovery.

The deadline for the CMA to announce its decision on the first phase of the investigation and whether it will approve the deal or refer the merger […] ...