UK Government ‘Minded to Intervene’ on Paramount-WBD Deal After Review

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…

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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