UK regulators open inquiry into Paramount/WBD transaction
The UK's Competition and Markets Authority has received the necessary information from the relevant parties to launch the pre-notification stage of its inquiry
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The UK's Competition and Markets Authority has received the necessary information from the relevant parties to launch the pre-notification stage of its inquiry
Meanwhile, it's been suggested Paramount may face competition from Comcast, the parent company of NBCUniversal and Sky
According to reports, Paramount Skydance owner David Ellison is in talks with private equity firms about joining his move to acquire the Hollywood heavyweight
"As the streaming market matures, it’s looking a whole lot like the OG television industry," said Forrester analyst Mike Proulx
"Our intention is to keep the company together and invest through that lens long term," said David Ellison