UK clears Paramount’s takeover of Warner Bros

Britain on Thursday gave the green light to Paramount Skydance’s US$110 billion takeover of Warner Bros. Discovery, as the entertainment and media mega-deal still faces a key hurdle in the United States. The UK government and the antitrust watchdog both cleared the deal after initially raising concerns over media plurality and competition, respectively. The Competition and Markets Authority (CMA) found that the takeover would not weaken competition in film distribution, children’s TV and...