The U.K. has cleared Paramount Skydance’s $110 billion acquisition of Warner Bros. on competition grounds.
Read more Versant Sees Q2 Profit Fall On Revenue Declines, Despite Ad-Sales Improvements
The British government added that it would not intervene in the transaction on public interest grounds after Paramount beefed up promises about programming and news provision in the U.K.
Read more Odd Slice Films Boards Documentary ‘Concrete Land’ Ahead of Locarno Premiere (EXCLUSIVE)
A Paramount spokesperson said in a statement, “These conclusions further demonstrate the misguided and gerrymandered market definitions relied upon by the U.S. state AGs in their antitrust complaint in California.”
More to follow.