After U.K. Approval of Paramount-WBD Deal, European Media Leaders Rally Behind David Ellison: ‘The Industry Will Be Stronger’

The United Kingdom has approved Paramount's Skydance acquisition of Warner Bros. Discovery, valued at one hundred eleven billion dollars. Variety reports that European media leaders have welcomed the move as evidence of a shift in how regulators think about consolidation, driven by broadcasters' mounting competition with global streaming services.

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