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UK watchdog to look at Paramount’s $110bn takeover of Warner Bros Discovery

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Deal to create a streaming and sports powerhouse will be scrutinised by Competition and Markets AuthorityThe UK competition watchdog has opened an investigation into Paramount Skydance’s $110bn (£82bn) takeover of Warner Bros Discovery (WBD).The deal will create a media powerhouse controlling assets including the Paramount and HBO Max streaming services, Channel 5 and TNT Sports, which broadcasts Champions League, Premier League and the Olympics, the Hollywood studios behind franchises...

Deal to create a streaming and sports powerhouse will be scrutinised by Competition and Markets Authority

The UK competition watchdog has opened an investigation into Paramount Skydance’s $110bn (£82bn) takeover of Warner Bros Discovery (WBD).

The deal will create a media powerhouse controlling assets including the Paramount and HBO Max streaming services, Channel 5 and TNT Sports, which broadcasts Champions League, Premier League and the Olympics, the Hollywood studios behind franchises including Superman, Batman and Top Gun, as well as HBO, home to shows including Game of Thrones, The White Lotus and Succession.

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UK (LOCATION) Paramount (ORG) Warner Bros Discovery (ORG) Competition and Markets AuthorityThe (ORG) Paramount Skydance’s (ORG) HBO Max (ORG) Channel 5 (ORG) TNT Sports (ORG) Champions League (ORG) Premier League (ORG) Olympics (EVENT) Hollywood (LOCATION) Superman, Batman (PERSON) HBO (ORG) The White Lotus and (ORG)
Originally published by The Guardian World Read original →