London\u00a0\u2014\u00a0\n <\/p>\n
\n The British government has cleared Paramount Skydance\u2019s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity.\n <\/p>\n
\n On Thursday, the UK\u2019s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa Nandy said<\/a> she was considering intervening.\n <\/p>\n \n \u201cWe have cleared this deal as it does not raise competition concerns in the UK. The evidence shows that, after the merger, Paramount will continue to face sufficient competition in the various areas it operates in,\u201d the Competition and Markets Authority said in a statement.\n <\/p>\n \n The UK\u2019s culture department also said Paramount had provided several assurances, including that it would maintain \u201cdistinct editorial identities of key services and the editorial independence of news.\u201d The company has offered to make those assurances legally binding, the department said in a statement.\n <\/p>\n \n It follows the European Union\u2019s decision<\/a> last month to approve the Paramount-WBD tie-up conditional on Paramount exiting a joint venture with Universal Pictures in the region, alongside other commitments.\n <\/p>\n