UK culture secretary Lisa Nandy has said she is “minded to intervene” in Paramount‘s $110 billion takeover of Warner Bros. Discovery.
In what could be a spanner in the works for the mega-merger, Nandy has said that she wishes to assess whether the deal is in the best interests of UK audiences.
“Following engagement with the parties and independent research, my department has today written to the current and proposed owners of Warner Bros Discovery on my behalf to inform them that I am minded to intervene,” said Nandy, in a written ministerial statement.
“I am conscious that the proposed acquisition is global in nature. In reaching this decision, my focus has been, and will remain, on the UK public interest and the range of services available to UK audiences, including Channel 5, TNT Sports, Cartoon Network, Nickelodeon, and CNN International, as well as Paramount+ and HBO Max.”
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