War for Warner Bros. Discovery has headed to Europe — here’s who has the advantage

While the companies have publicly squabbled in recent days over whether the Paramount or Netflix deal is superior (and have kissed the ring of President Trump for his blessing) the action during the past two weeks has quietly shifted across the Atlantic, where regulators in the European Union and United Kingdom must also approve any acquisition of the company known as WBD, sources said. The outlet reported that “Baroness Twycross, who represents the UK government’s Department for Culture, Media and Sport in the House of Lords, on Thursday confirmed the Competition and Markets Authority will review” the Netflix deal. Not only will the deal face scrutiny from various agencies with DOJ antitrust at the top of the list, but Netflix as a whole might get investigated along the lines of Amazon and Google for its allegedly monopolistic business model, the source told On The Money.

Author: Charles Gasparino

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