The U.K. government warned Tuesday it could interrupt Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery over concerns the deal could reduce media plurality and affect the range of news and entertainment services available to British audiences.
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WEDNESDAY, JULY 1, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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UK 'Minded To Intervene' In Paramount's Warner Bros. Deal

By Tom Fish

The U.K. government warned Tuesday it could interrupt Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery over concerns the deal could reduce media plurality and affect the range of news and entertainment services available to British audiences.

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Mayer Brown Helps Acquisition Co.'s £600M Investor Biz Buy

By Najiyya Budaly

Acquisition company Acceler8 Ventures will promote Intuitive Investments Group to trading on the flagship listing category on the main market of the London Stock Exchange by buying the investment company for £600 million ($794 million), the companies said Tuesday.

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Freshfields Guides New MGA Platform On Underwriter Deal

By Tom Fish

Global insurance intermediary ANV Group Holdings has agreed to acquire Assured Underwriting Group, a U.K. specialist managing general agent for the travel industry, to expand its European presence.

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LITIGATION

Aybl Execs Say Ex-Director Ousted For Launching Rival

By Hanna Vioque

Sportswear brand Aybl has denied claims that it wrongly ousted one of its directors, arguing that it was entitled to do so after discovering that the co-founder of Gymshark had secretly founded a supplements company that might eventually rival it in the sportswear market. 

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Cripps Says Live Nation Advice Did Not Cause £3.4M Loss 

By Max Austin

Cripps has denied costing Margate Dreamland's operator £3.4 million ($4.5 million) for misadvising the venue on using a termination clause to exit a catering contract, arguing that the operator had not retained the firm during its sale to Live Nation. 

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DEALS

Chinalco Mining To Acquire Namibian Cobalt Asset For $15M

By Dawood Fakhir

Australian mining company Celsius Resources said Tuesday that it has agreed to sell one of the biggest cobalt deposits in the world located in the Southern African country of Namibia for $15 million to a subsidiary of Aluminum Corp. of China Ltd.

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Aussie Software Co. Eyes £500M Market Cap At London IPO

By Dawood Fakhir

Australian software company Bravura Solutions said Tuesday that it is planning to float on the junior investment market of the London Stock Exchange by the end of July at an anticipated market capitalization of £500 million ($664 million).

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Brief

Italian Investor Buys 10% Stake In LNEnergy For €1.4M

By Irene Madongo

Beacon Energy PLC said Tuesday a leading Italian energy distribution company has subscribed for new shares in a gas field owner for €1.4 million ($1.6 million).

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Brief

Building Materials Co. Grafton Kicks Off £25M Share Buyback

By Irene Madongo

Grafton Group PLC launched a stock repurchase program Tuesday worth up to £25 million ($33 million) and intended to lower the building materials supplier's share capital.

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LAW FIRMS IN TODAY'S NEWS

Blackstone Chambers

Burges Salmon

Clyde & Co

Cripps LLP

Fieldfisher

Freshfields

Mayer Brown

Pinsent Masons

Serle Court

Sidley Austin

COMPANIES IN TODAY'S NEWS

AmTrust Financial Services Inc.

Cable News Network Inc.

Compass Minerals International, Inc.

Grant Thornton LLP

Live Nation Entertainment Inc.

Lloyd's America Inc.

London Stock Exchange Group PLC

Macquarie Group Ltd.

Nickelodeon Global Network Ventures Inc.

Skydance Media LLC

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

Financial Conduct Authority

UK High Court