UK Competition Authority to Probe Paramount Warner Merger
The UK competition watchdog plans to investigate the $110 billion merger between Paramount and Warner Bros. Public comments on the deal are due by April 27.
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The antitrust regulator in the United Kingdom is preparing to launch a formal investigation into the proposed $110 billion merger between PARAMOUNT GLOBAL-CLASS B and DISCOVERY LTD. A spokesperson for the Competition and Markets Authority (CMA) confirmed on Monday that the agency expects to initiate a phase 1 probe in the coming weeks to determine if the deal could negatively impact market competition.
