Paramount Skydance received approval – with limitations – from UK regulators Thursday as it pursues its $81 billion takeover of Warner Bros. Discovery, marking one more step towards completing the deal.
The U.K.’s Competition and Markets Authority cleared the pending acquisition, ruling a Paramount-Warner tie up does not pose a “substantial lessening of competition” in the country, AP reports.
UK Culture Secretary Lisa Nandy previously said she was “minded to intervene” in the merger.
Then on on Thursday her office flagged Paramount agreed to “provide a set of protections” to safeguard the “continued availability of a diverse range of broadcasting and on-demand services in the UK,” as well their editorial...
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