LONDON — The U.K. government cleared Paramount’s $81 billion purchase of Warner Bros. Discovery merger after the U.S. media company offered protections to ensure editorial independence of the combined companies’ television and streaming services.
Last month, the government had indicated that it may review the deal amid concerns that together Paramount and Warner Bros. could gain too much control over the country’s media outlets.
The government on Thursday decided against that move believing that Paramount’s assurances and legally binding commitments are sufficient to “safeguard the continued availability of a diverse range of broadcasting and on-demand services in the U.K.”
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