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ET Markets - Industry 11d ago
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal
Britain is considering intervening in Paramount's proposed $110 billion takeover of Warner Bros Discovery, potentially delaying the deal despite approvals from the US and China. The UK's culture minister has set a July 6 deadline for responses, citing potential impacts on news and on-demand services. This move could trigger reviews by anti-trust regulators, mirroring past actions against major tech acquisitions.
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LiveMint - Companies 133d ago
It's official! Paramount buys Warner Bros Discovery in historic $110 billion deal as Netflix drops out of race
Netflix on Thursday declined to match Paramount's latest $31-per-share offer, which Warner Bros deemed superior to the streaming pioneer's $27.75-per-share agreement for its studio and streaming assets.
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