U.K. Culture Secretary Lisa Nandy feels “minded to intervene” on the $110 billion on Paramount-Warner Bros. Discovery merger due to its potential impact on British broadcasters and their audiences.
“Following engagement with the parties and independent research, my department has today written to the current and proposed owners of Warner Bros. Discovery on my behalf to inform them that I am minded to intervene,” she said in a Tuesday statement. “I am mindful of the need to reach a final decision in a timely manner, and I will endeavor to do so as appropriate.”
Nandy has also given Paramount and WBD a week to respond to her concerns with a July 6 deadline, upon which her office will decide whether to go forward with a formal public interest intervention notice through Ofcom and the Competition and Markets Authority.
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