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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.