(Image Source: Paramount Global, Warner Bros. Pictures)
Paramount Global's proposed $110 billion acquisition of Warner Bros. Discovery faced new hurdles just two days ago, with reports indicating California, New York, and other U.S. states were preparing antitrust lawsuits to block the deal due to potential market monopolization. Yesterday, financial news outlet Bloomberg shed light on Paramount Global's potential strategy to address these concerns.
According to Bloomberg, Paramount Global has a contingency plan to "slim down" its assets, potentially involving the sale of its own and Warner Bros. Discovery's children's television channels to secure approval from the European Union for the merger.
(Image Source: Paramount Global)
The channels in question, according to Bloomberg, are Paramount Global's Nickelodeon and Warner Bros. Discovery's Cartoon Network. Sources close to the matter indicated that while Paramount Global prefers to avoid divesting any assets, the company is prepared to make sacrifices if the EU flags overlapping assets as a threat to market competition. The European Union has given Paramount Global until July 7 to submit formal remedies for its review.
via： Bloomberg