Warren on Paramount-Skydance Hostile Bid: “Five-Alarm Antitrust Fire”

Washington, D.C. –Today, in response to the news that Paramount-Skydance launched a hostile bid for Warner Bros., U.S. Senator Elizabeth Warren (D-Mass.) released the following statement:
“A Paramount Skydance-Warner Bros. merger would be a five-alarm antitrust fire and exactly what our anti-monopoly laws are written to prevent. Paramount Skydance’s new hostile bid is backed by a who's who of Trump buddies, from Jared Kushner’s private equity firm to the Ellison family to money flowing from the Middle East — raising serious questions about influence-peddling, political favoritism, and national security risks. The Department of Justice and the Committee on Foreign Investment in the United States must review any Warner Bros. deal based on the law and facts, not who sucked up the most to Donald Trump.”
Senator Warren has long sounded the alarm on antitrust concerns and apparent political favoritism in the Trump administration’s handling of media mergers:
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