ABC News - Breaking News, Latest News and Videos·4 min read·medium
UK won't intervene in Paramount's $81 billion takeover of Warner Bros. Discovery
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WYATTE GRANTHAM-PHILIPS AP business writer
✦AI Summary
UK regulators have approved Paramount's $81 billion acquisition of Warner Bros. Discovery after the company agreed to legally binding commitments regarding editorial independence and competition. The merger will combine major media assets, including CBS, CNN, and HBO Max, under one corporate umbrella.
British regulators on Thursday gave Paramount the greenlight for its $81 billion takeover of Warner Bros. Discovery, with some new assurances from the company — clearing another hurdle for the mega merger while it still faces challenges elsewhere.
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