Paramount Skydance Corp. is reportedly prepared to sell some of its children's television assets to secure European Union regulatory approval for its $110 billion takeover of Warner Bros. Discovery Inc.
The European Commission is scrutinising the merger due to the significant overlap between Paramount's Nickelodeon and Warner Bros. Discovery's Cartoon Network. A combined market share exceeding 40% in any European country could trigger antitrust interventions.
(Bloomberg) -- Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets to help win European Union approval of its $110 billion bid for Warner Bros. Discovery Inc.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in...
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