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00:02Britain said Tuesday it could intervene in Paramount Skydance's proposed
00:07$110 billion takeover of Warner Brothers' discovery, according to Reuters.
00:12The move could delay the deal after approvals from the US, China, Australia, Germany, France,
00:17and Saudi Arabia. Culture minister Lisa Nandy said the deal could affect news,
00:22children's television, and streaming services in Britain.
00:25She gave the companies until July 6th to respond to her concerns.
00:30Britain's Competition and Markets Authority is already reviewing the deal
00:33and will decide by August 7th whether to launch a deeper probe.
00:37Paramount said it believes the deal does not raise media plurality issues
00:41and remains confident in its timeline.
00:44Any delay could cost Paramount about $650 million in cash each quarter after September 30th.
00:50For all things money, visit Benzinga.com.
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