Paramount's $110B ($144B) takeover of Warner Bros. Discovery has hit a wall in London, and every day British regulators keep it open costs the buyer around $7M. Reason: A delay clause written into the deal starts paying WBD shareholders once the calendar runs past 30 September 2026.
Culture Secretary Lisa Nandy said on 30 June she is 'minded to intervene', which is the phrase a UK minister uses just before pulling the legal lever, and the services in the firing line are ones millions of British households watch without thinking about who owns them.
