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UK Could Block Warner Bros. Discovery Takeover | Business and Finance News
Description
A $111 billion merger between Paramount and Warner Bros. Discovery could hit a major snag in the UK, as Culture Minister Lisa Nandy signals possible intervention. While the U.S. Justice Department has approved the deal, UK regulators are already investigating, citing concerns over competition and public interest—especially for channels like Channel 5, TNT Sports, and Cartoon Network. The Saudi Public Investment Fund is backing the deal with $10 billion, adding global complexity to a transaction already greenlit in Australia and France. The UK’s decision could ultimately decide the merger’s fate.
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