UK government says it may challenge $110 billion Paramount-Warner Bros. merger

British government may intervene in Paramount-Warner Bros merger

The Warner Bros booth at San Diego Comic Con in 2018. (Photo by Gage Skidmore) The British government is considering an action that would require Paramount Skydance to make serious concessions in order to receive approval for its blockbuster merger with Warner Bros Discovery (WBD). In a statement to Parliament on Monday, British Culture Secretary Lisa Nandy said she is “minded to intervene” under the Enterprise Act 2002, citing concerns over whe…

UK government may ‘intervene’ in Paramount’s $110 billion takeover of Warner Bros

Lisa Nandy, the British secretary of State for Culture, Media and Sport, said Tuesday she may “intervene” in Paramount Skydance’s acquisition of Warner Bros. Discovery.  In a statement, Nandy said she wrote letters to both companies stating she is “minded to intervene” on “public interest grounds,” specifically the need for a “sufficient plurality of views…

British regulator may challenge Paramount takeover of Warner Bros. Discovery

'For US consumers, this merger has become a proxy fight about political influence and control of media,' according to Forrester Research. 'In the UK, it's being treated as a structural competition issue where regulators, not consumers, will decide.'

UK may intervene in Paramount’s US$110 billion takeover of Warner Bros Discovery

The culture chief said the deal, approved by the US and China, could have an impact on news, children’s TV and streaming services in Britain.

Britain May Challenge Paramount's Takeover Of Warner

NBC News reports: The British government suggested Tuesday it may challenge Paramount Skydance’s blockbuster $110 billion takeover of Warner Bros. Discovery, a merger that has drawn scrutiny on both sides of the Atlantic. Lisa Nandy, the British culture and media secretary, expressed concerns about concentrating “control” of media assets in the hands of fewer corporate owners. “Following engagement with the parties and independent research, my d…

UK Threatens to Delay $110 Billion Paramount-Warner Bros. Discovery Merger as Media and Competition Concerns Grow

Britain is considering intervening in the proposed $110 billion merger between Paramount Skydance Corp. and Warner Bros. Discovery, a move that could significantly delay one ... The post UK Threatens to Delay $110 Billion Paramount-Warner Bros. Discovery Merger as Media and Competition Concerns Grow first appeared on [your]NEWS.