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.
According to Reuters, the U.K. culture minister Lisa Nandy said in a statement on Tuesday, “Following engagement with the parties and independent research, my department has today written to the current and proposed owners of Warner Bros Discovery on my behalf to inform them that I am minded to intervene.”
More to follow.
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