The UK culture secretary, Lisa Nandy, has said she will not intervene in Paramount’s proposed acquisition of Warner Bros Discovery, removing one of the remaining obstacles to the blockbuster deal.
However, Paramount has made significant concessions to secure the UK government’s backing for the $110bn (£85bn) takeover, which will create a global media powerhouse and effectively bolster the influence of Paramount’s CEO, David Ellison.
Continue reading...