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Britain Declines To Intervene In Paramount-Warner Bros. Merger
['Grantham-Philips Is A Business Reporter Who Covers Trending News For The Associated Press. She Is Based In New York.']
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ShareBritish 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.
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.