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Paramount’s $81B Deal Clears U.K. Hurdle | Venice Beach News
Description
British regulators have approved Paramount’s $81 billion takeover of Warner Bros. Discovery, clearing a major U.K. hurdle with conditions to protect local content and competition. Despite backlash from Hollywood stars like Alan Cumming and Benedict Cumberbatch—who fear harm to British media—Paramount moves forward, while twelve U.S. states sue to block the merger, with trial set for March. The $111 billion deal faces a long legal battle ahead.
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