Britain signals it will intervene in Paramount Skydance’s $110B takeover of Warner Bros. Discovery after Lisa Nandy told Parliament she is minded to intervene and set a July 6 deadline for company responses.The package would fold CNN, HBO Max, Warner Bros. studio operations, Channel 5, TNT Sports, Cartoon Network and Nickelodeon into one group and raises questions about news plurality and on-demand access in the UK.Ofcom will assess public-interest concerns and the Competition and Markets Authority will examine competition effects; reviews could run for up to 24 weeks and may require divestments or editorial guarantees.Paramount says the acquisition poses no plurality risk, has offered a ticking fee to
Warner Bros. Discovery shareholders and expects to close by early fall while the deal carries major foreign financing including $10B from the
Public Investment Fund and $7B commitments from Qatari and Abu Dhabi investors.