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UK clears Paramount’s takeover of Warner Bros

Read the full story at South China Morning Post

UK clears Paramount’s takeover of Warner Bros

Britain on Thursday gave the green light to Paramount Skydance’s US$110 billion takeover of Warner Bros.

Discovery, as the entertainment and media mega-deal still faces a key hurdle in the United States.

The UK government and the antitrust watchdog both cleared the deal after initially raising concerns over media plurality and competition, respectively.

This is a short excerpt. EkJhalak links out rather than reproducing other newsrooms’ work — continue at South China Morning Post.