UK signals intervention in Paramount-Warner Bros Discovery merger
While the US DOJ cleared the $110 billion Paramount-Warner Bros. Discovery merger without conditions and the EU is nearing conditional approval, the UK has become the decisive chokepoint. Culture Secretary Lisa Nandy signaled on June 30 she is 'minded to intervene' on media plurality grounds under the Enterprise Act 2002, with a company response deadline of July 6 before a formal Public Interest Intervention Notice is issued. If that notice is filed, it hands the ultimate yes-or-no on the deal to the Culture Secretary rather than the CMA, meaning any structural remedies covering UK assets will likely set the terms for the global transaction.