The British Competition and Markets Authority (CMA) has launched an investigation into the planned takeover of Warner Bros. Discovery by Paramount Skydance, worth around $110 billion.
Regulators want to determine whether the merger of the two media giants could lead to a significant reduction in competition in the UK market for media, television and streaming services.
One of the largest media conglomerates is created
If the transaction is approved, the new company would control a number of well-known brands, including the streaming platforms Paramount+ and HBO Max, television Channel 5, TNT Sports, as well as the Hollywood studios behind franchises such as “Batman”, “Superman” and “Top Gun”.
Related news:
Paramount buys Warner Bros. Discovery
The Arabs could take over the famous Warner Bros
HBO hits such as “Game of Thrones”, “White Lotus” and “Legacy” would also be under its auspices.
The British regulator announced that it will decide by August 7 whether it is necessary to launch a more detailed second phase of the investigation, which could last up to five months, which would further delay the realization of one of the biggest media deals in recent years, reports “Guardian“.
