U.K. Approves Paramount's $81B Merger with Warner Bros. Discovery, as Long as It Does Not Combine HBO Max with Paramount+

The UK's Competition and Markets Authority approved Paramount's acquisition of Warner Bros. Discovery on Thursday, conditional on the combined company maintaining HBO Max and Paramount+ as separate streaming services. The $81 billion deal, which Paramount Skydance is pursuing, still requires regulatory approval from other jurisdictions before completion. The UK regulator determined that keeping the two platforms distinct would preserve competition in the streaming market.

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