Britain said on Tuesday it may intervene in Paramount Global's proposed $110
billion acquisition of Warner Bros. Discovery, potentially referring to the
transaction to the UK Competition and Markets Authority. The CMA previously
blocked Microsoft's $69 billion bid for Activision Blizzard in 2023. Culture
Secretary Nandy, an ally of Andy Burnham — who is seen as a likely candidate to
become prime minister in July — said the deal could affect UK news and streaming
services.
