The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity.
The UK’s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa Nandy said she was considering intervening.
The UK’s culture department said Paramount had provided several assurances, including that it would maintain “distinct editorial identities of key services and the editorial independence of news.” The company has offered to make those assurances legally binding, the department said in a statement.
Original reporting: KRDO (Colorado Springs metro) — read the source article.
