The Guardian World· World
Paramount concessions lead UK to approve takeover of Warner Bros
Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5The UK culture secretary, Lisa Nandy, has said she will not intervene in Paramount’s proposed acquisition of Warner Bros Discovery, removing one of the remaining obstacles to the blockbuster deal.However, Paramount has made significant concessions to secure the UK government’s backing for t
Published Thursday, 6 August 2026 at 14:57
Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5The UK culture secretary, Lisa Nandy, has said she will not intervene in Paramount’s proposed acquisition of Warner Bros Discovery, removing one of the remaining obstacles to the blockbuster deal.However, Paramount has made significant concessions to secure the UK government’s backing for the $110bn (£85bn) takeover, which will create a global media powerhouse and effectively bolster the influence of Paramount’s chief executive, David Ellison. Continue reading...
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