2025-12-09
Elizabeth Warren Sounds 'Five-Alarm Antitrust Fire' On Paramount-Warner Bros Merger: Warns Trump Allies And Foreign Investors Are Backing The Deal
Sen. Elizabeth Warren (D-Mass.) is sounding the alarm over a potential merger between Paramount Skydance Corp. (NASDAQ:PSKY) and Warner Bros Discovery Inc. (NASDAQ:WBD), while urging regulators to ignore political pressure as they evaluate the deal.Mega Merger A ‘Five-Alarm’ Antitrust FireOn Monday, in a post on X, Warren flagged Paramount’s decision to launch a hostile all-cash bid to acquire Warner Bros Discovery, in a deal valued at $108.4 billion. According to Warren, this deal “would be a five-alarm antitrust fire,” given the implications of further consolidation in the entertainment industry on consumers, creators, and workers. See Also: Netflix Stock Tumbles: What’s Going On?Warren also highlighted that the deal was backed by allies of President Donald Trump, with Paramount Skydance’s CEO, David Ellison, being the son of Oracle Corp. (NYSE:ORCL) co-founder and CEO, Larry Ellison, who has been a prominent Trump supporter for years. She further warned that the acquisition was being funded by “foreign money,” without mentioning any names or clarifying ...Full story available on Benzinga.com