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Paramount Accuses Netflix Of Waging 'Scorched-Earth Campaign' To Derail Warner Bros. Discovery Deal: Report

Benzinga·
Paramount Accuses Netflix Of Waging 'Scorched-Earth Campaign' To Derail Warner Bros. Discovery Deal: Report

Paramount has accused Netflix of orchestrating a 'scorched-earth campaign' to undermine its proposed $110 billion acquisition of Warner Bros. Discovery. In a letter to the DOJ, Paramount countered union concerns about job losses, arguing the merger would create more jobs and boost competition. Netflix previously withdrew from bidding for Warner Bros. in February, while the deal also faces opposition from Senator Elizabeth Warren over national security concerns.

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