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 U.K.'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.
Britain's possible intervention comes as the global deal has already been cleared by the United States, China, Australia, Germany, France and Saudi Arabia.
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