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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

UK ‘minded’ to intervene in Paramount’s $110bn takeover of Warner Bros Discovery

Paramount Lisa Nandy Warner Bros Discovery United Kingdom TNT Sports CNN Channel 5 Batman HBO Max WBD
A broadcast desk on a football pitch with presenters and camera crew filming before a match
The WBD takeover deal will create a media powerhouse controlling assets including: the Hollywood studios behind franchises including Superman, Batman and Top Gun; the UK’s Channel 5; news channel CNN; TNT Sports; and Paramount+ and HBO Max streaming services. Photograph: Nick Potts/PA

The UK culture secretary, Lisa Nandy, intends to ask Britain’s media and competition watchdogs to examine Paramount’s $110bn (£85bn) acquisition of Warner Bros Discovery.

The WBD takeover deal will create a media powerhouse controlling assets ranging from: the Hollywood studios behind franchises including Superman, Batman and Top Gun; the UK’s Channel 5; the news channel CNN; TNT Sports, which broadcasts Champions League, Premier League and the Olympics; and the Paramount+ and HBO Max streaming services.

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