Paramount, Warner Bros.
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A Democratic congressman is calling on Paramount to submit any acquisition of Warner Bros. Discovery to a foreign ownership review, even if the David Ellison-led company does not believe that it is technically required.
That's according to Semafor, which noted that some regulators expressed concern about the concentration of power that Netflix would wield after the deal closes. The report also said that regulators were receptive to both Paramount and Netflix's arguments.
Warner Bros. Discovery clapped back at Paramount Skydance's lawsuit seeking more financial details on WBD's deal with Netflix and said Paramount's continued campaign to try to convince Warner Bros. shareholders that its $30/share offer is superior is an attempt to "distract" investors.