Earlier this year, Paramount struck a $111 billion deal to acquire competitor Warner Bros. Discovery, and legal and regulatory challenges both in the U.S. and abroad swiftly followed. Now, it seems the controversial merger is getting rid of each challenge one by one, a concerning sign for many critics who want the merger stopped.
On Thursday, the merger got a green light from both the British competition watchdog, the Competition and Markets Authority (CMA), and the United Kingdom Department for Digital, Culture, Media and Sport, even though culture secretary Lisa Nandy has previously said she could intervene in the deal even if it gets…
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