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Paramount accuses Netflix of sabotaging its $110B Warner Bros. Discovery merger bid.

Market News
09 Jun 2026
Namrata Sen
View Source
Neutral
pluang ai news

Paramount Skydance has accused Netflix of launching a "scorched-earth campaign" to block its $110 billion acquisition of Warner Bros. Discovery. The dispute follows opposition from the Teamsters union concerned about job losses and calls from Senator Elizabeth Warren over national security. Paramount argues the merger will create jobs and boost competition, while Netflix withdrew from the bidding earlier due to financial reasons. The U.S. Department of Justice is reviewing the deal, with some indications it may approve it despite opposition.

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