Paramount Open to Selling Kids Channels to Quell EU Fears over $110 Billion Warner Deal
The company may sell some children’s TV assets if EU watchdogs flag competition risks in the $110 billion Warner Bros. Discovery takeover bid.
- Paramount Skydance Corp. is prepared to divest children's television network assets to secure European Union approval for its $110 billion bid for Warner Bros. Discovery, though the company hopes to avoid selling off anything.
- The merger unites Paramount's Nickelodeon and Warner Bros. Discovery's Cartoon Network, two of the best-known children's television brands in Europe, where analysts warn combined market shares exceeding 40% in any country would trigger regulatory concerns.
- EU merger rules provide a short window to address competition concerns during an initial phase 1 probe, with remedies due by the start of July or the commission could open a phase 2 probe, delaying a decision by about three months.
- Paramount must also satisfy the bloc's Foreign Subsidies Regulation, as a trio of Middle East funds agreed to provide about $24 billion of equity finance to help bankroll the bid, raising scrutiny over sovereign-state backing.
- U.S. antitrust regulators appear ready to approve the deal, yet California Attorney General Rob Bonta could file a lawsuit this month, and Democratic senators have urged the Federal Communications Commission to conduct rigorous review of foreign investment.
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Paramount Skydance is prepared, if necessary, to sell part of its children's TV channel assets to encourage the European Union's approval of its $110 billion offer by Warner Bros. Reaction: Hollywood Stars sign a letter against Paramount's business with Warner Bros. Although Paramount hopes to avoid any sale of assets, the company is open to sacrificing children's channels if the EU raises concerns about overlapping competition, according to ind…
Paramount Open to Selling Kids Channels to Quell EU Fears Over $110 Billion Warner Deal
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.
Paramount May Drop Some Kids TV For EU
Paramount Skydance Corp may be preparing to sell off some of its children’s TV networks in order to secure European Union approval of their $110 billion Warner Bros. Discovery acquisition. According to Bloomberg (via Yahoo), Paramount hopes to avoid any asset sales but is open to sacrificing specific kids channels if European regulators flag antitrust concerns. Regulators are said to be concerned and examining the overlap between two of the most…
EU Pressure Pushes Paramount to Weigh Divestments in $110 Billion Media Merger - OloriSuperGal
Paramount Skydance Corp. may sell parts of its children’s TV business to win approval from European Union regulators for its $110 billion bid for Warner Bros. Discovery Inc. The company is considering the move to reduce competition concerns in Europe. Possible Divestments Under Review People familiar with the talks say Paramount is open to selling kids’ channels if regulators raise concerns about market overlap. However, the company has not made…
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