Politics
UK ‘Minded to Intervene’ in Paramount’s Deal for Warner Bros
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UK ‘Minded to Intervene’ in Paramount’s Deal for Warner Bros Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. could face an intervention from the UK government after the country’s culture and media secretary raised concerns over plurality in media ownership. Lisa Nandy, Secretary of State for Culture, Media and Sport, on Tuesday wrote a letter to Warner Bros and said to parliament that she’s “minded to intervene” on public interest grounds. If she decides to...
UK ‘Minded to Intervene’ in Paramount’s Deal for Warner Bros
Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. could face an intervention from the UK government after the country’s culture and media secretary raised concerns over plurality in media ownership.
Lisa Nandy, Secretary of State for Culture, Media and Sport, on Tuesday wrote a letter to Warner Bros and said to parliament that she’s “minded to intervene” on public interest grounds. If she decides to intervene, the country’s media regulator and antitrust watchdog will report to her about the deal’s impact on competition.
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