UK Approves Paramount's $110B Warner Bros. Discovery Takeover

Britain's government and antitrust regulator have cleared Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery, removing a major regulatory hurdle in the UK. The Competition and Markets Authority (CMA) concluded that the deal would not harm competition in film distribution, children's TV, or streaming services. Culture minister Lisa Nandy declined to intervene, citing legally-binding commitments from the companies to maintain diverse broadcasting and on-demand services, protect editorial independence, and invest in the UK. The deal still faces challenges in the US, where a federal judge in California ordered a temporary pause on the merger last month. Paramount has agreed to delay the deal until June 2027.