Culture secretary Lisa Nandy says she will not intervene in £85bn deal after securing guarantees on Channel 5
The UK culture secretary, Lisa Nandy, has said she will not intervene in Paramount’s proposed acquisition of Warner Bros Discovery, removing one of the remaining obstacles to the blockbuster deal.
However, Paramount has made significant concessions to secure the UK government’s backing for the $110bn (£85bn) takeover, which will create a global media powerhouse and effectively bolster the influence of Paramount’s CEO, David Ellison.
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This article was originally published by The Guardian and written by Michael Savage Media editor.
Read original article on The Guardian