Paramount concessions lead UK to approve takeover of Warner Bros
The UK government has approved Paramount's £85bn acquisition of Warner Bros Discovery after securing concessions to protect UK-based content and public service broadcasting. Paramount agreed to maintain Channel 5's editorial independence and public service obligations until 2034.
Lisa Nandy in Downing Street. The acquisition still faces a big final hurdle in the US. Photograph: Anadolu/Getty Lisa Nandy in Downing Street. The acquisition still faces a big final hurdle in the US. Photograph: Anadolu/Getty Mergers and acquisitions Paramount concessions lead UK to approve takeover of Warner Bros Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5
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