Warner Bros Discovery: Takeovers
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential implications for UK competition policy of the proposed acquisition of Warner Bros. Discovery by Netflix.
Answered by Kate Dearden
Under competition law, responsibility for investigating the impact of mergers and acquisitions on competition falls to the Competition and Markets Authority (CMA), the UK’s independent competition authority. The Government has ensured that the CMA has significant powers and expertise to investigate the benefits and risks of mergers in relation to competition.
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