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Britain steps into Paramount Warner deal
British authorities are considering intervening in the acquisition deal of Paramount Sky Dances by Warner Bros. Discovery, which is valued at $110 billion, following approval from both the United States and China. This comes after the UK Competition and Markets Authority previously blocked Microsoft's acquisition of Activision Blizzard. Britain aims to protect sectors such as news, children's programming, and local streaming services. A final decision from the authority is expected before August 7, with the possibility of opening a more in-depth investigation if necessary, amid concerns that delays could impact the deal.
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