Hollywood's "century merger" faces another obstacle! Paramount (PSKY.US) acquisition of Warner (WBD.US) faces scrutiny from the European Union, with Middle Eastern funds becoming a focus of inspection.
According to the Wise Finance and Economics APP, the European Union is reviewing the deal in which Parasol Tianwu Company (PSKY.US) acquired Warner Bros. Discovery Company (WBD.US) for $110 billion based on the Foreign Subsidies Regulation (FSR), and regulatory authorities are investigating whether Middle Eastern funds provided financial support for the acquisition case.
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