UK clears Paramount’s takeover of Warner Bros

Paramount agrees safeguards for UK approval of $110bn WBD 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.

Discovery, as the entertainment and media mega-deal still faces a key hurdle in the United States.

That is, the U.K. has cleared the mega-merger deal after the British government is assured it would protect news and local programming provision in the country.