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UK won’t intervene in Paramount’s $81 billion takeover of Warner Bros. Discovery
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104.1 KSGF
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.
Critics of the Paramount-Warner merger have repeatedly asked regulators to challenge the deal.
The merger “threatens to inflict immense harm on the British public,” the actors wrote on July 27.
Including billions in debt, Paramount’s proposed purchase of Warner is valued at nearly $111 billion (or over 82 billion English pounds) based on outstanding shares.