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FCC commissioners Olivia Trusty and Brendan Carr accepted expensive tickets and gifts from Paramount while the company sought FCC approval for mergers, raising significant conflict-of-interest concerns according to ethics experts.
The UK government is likely to intervene in Paramount's $111 billion takeover of Warner Bros. Discovery, citing concerns about media plurality and ownership in the UK.
The US Department of Justice approved the Paramount/Warner Bros. merger, surprising its own lawyers, but multiple US states and the EU are planning legal challenges.
Paramount accuses Netflix of waging a 'scorched-earth campaign' against the proposed Paramount-WBD merger, citing regulatory filings and labor union concerns. The merger is expected to result in job losses and over $79 billion in debt, while Paramount claims it will increase content production.