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Britain reviews Paramount-Warner deal
British authorities are studying the possibility of intervening in the acquisition deal of Paramount Sky Dances by Warner Bros. Discovery, which is valued at $110 billion. This follows approval from the United States and China, amidst concerns about its impact on the news sectors, children’s programming, and streaming services in Britain. The UK Competition and Markets Authority will decide whether to open a deeper investigation by August, after Paramount submits proposals to address competition concerns. A delay in completing the deal could lead the company to compensate shareholders with quarterly payments of up to $650 million.
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