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UK Regulator Eyes $111 Billion Paramount-WBD Merger as Culture Secretary Signals Intervention

7/2/2026

Britain's culture secretary has signalled her intention to intervene in the $111 billion takeover of Warner Bros.

Discovery by Paramount Skydance, raising the first meaningful regulatory obstacle to a deal that would redraw the global media landscape.

Lisa Nandy said Tuesday she was "minded to intervene," citing concerns over news plurality and media ownership concentration in the United Kingdom.

What Is at Stake for the Combined Entity The proposed combination would bring together two of the most recognisable stables in film and television. Discovery contributes CNN, HBO, and the Warner Bros.