On 30 June 2026, the Department for Culture, Media and Sport (DCMS) issued a letter to Paramount Skydance Corporation stating that the Secretary of State is minded to refer the proposed acquisition of Warner Bros. Discovery Inc. by Paramount Skydance to Ofcom and the Competition and Markets Authority for further investigation. The decision reflects the government’s intent to scrutinise the deal under regulatory frameworks governing media ownership and competition. The letter informs Paramount’s solicitors that the acquisition will be examined by Ofcom and the CMA, which could lead to conditions or a decision to approve, modify or block the transaction. The review is part of standard regulatory oversight for large media mergers.
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