Paramount Skydance says WBD merger needed to…
Paramount Skydance is arguing that its $110 billion merger with Warner Bros. Discovery is important for it to compete with streaming giants Amazon, Disney and Netflix, and that the mega-deal will deliver “new competitive” power to the leisure biz.
The argument got here in a letter Paramount’s chief legal officer Makan Delrahim despatched to California Attorney General Rob Bonta on May 7 “in response to certain misinformation about the marketplace expressed in recent public commentary.”
The letter, which was first reported by Semafor on Tuesday, was despatched forward of a…
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