This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

May 4, 2026

Cleared in Washington, blocked in London: Paramount-Warner Bros. and the long arm of the CMA

The U.K.'s upcoming Competition and Markets Authority evaluation of the proposed Paramount-Warner Bros. transaction illustrates a growing reality in global merger review: Approval from U.S. regulators is no longer sufficient to ensure a deal's completion.

Steven Cernak

Partner
Bona Law PC

See more...

Luis Blanquez

Partner
Bona Law PC

See more...

Sabri Siraj

Attorney
Bona Law PC

See more...

Cleared in Washington, blocked in London: Paramount-Warner Bros. and the long arm of the CMA
Shutterstock

The upcoming Competition and Markets Authority (CMA) evaluation of the proposed Paramount-Warner Bros. transaction illustrates a growing reality in global merger review: approval from U.S. regulators is no longer sufficient to ensure a deal's completion. As the CMA undertakes its own assessment, U.K. clearance is now an imperative checkpoint for transactions negotiated and centered in the United States. That dynamic reflects not only the CMA's expanding jurisdictional rea...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up