LONDON, - Britain said on Tuesday it could intervene in Paramount Skydance Corp's proposed takeover of Warner Bros Discovery, potentially holding up the $110 billion deal after the U.S. and China gave it the green light.
The move is the first step in a process that could see the deal referred to the UK's anti-trust regulator, which made headlines in 2023 when it blocked Microsoft's $69 billion acquisition of "Call of Duty" maker Activision Blizzard to the fury of the two U.S. companies. It later changed its mind after Microsoft amended its acquisition plan.
