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UK May Block $110bn Paramount-Skydance Warner Deal

6/30/2026

Summary

Story summary

Culture Secretary Lisa Nandy said the UK could intervene in Paramount Skydance’s $110 billion takeover of Warner Bros Discovery and gave the firms until July 6 to respond.
The Competition and Markets Authority will decide by August 7 whether to launch a 24-week probe, after which Ofcom would assess issues to preserve news plurality.
Paramount offered Warner Bros Discovery shareholders a ticking fee of 25 cents per share each quarter after September 30, about $650 million per quarter.

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Story summary

Culture Secretary Lisa Nandy said the UK could intervene in Paramount Skydance’s $110 billion takeover of Warner Bros Discovery and gave the firms until July 6 to respond.
The Competition and Markets Authority will decide by August 7 whether to launch a 24-week probe, after which Ofcom would assess issues to preserve news plurality.
Paramount offered Warner Bros Discovery shareholders a ticking fee of 25 cents per share each quarter after September 30, about $650 million per quarter.