u/Own_Philosopher8730
Own_Philosopher8730
Own_Philosopher8730
As Paramount and Oracle vault into the ranks of corporate America’s biggest borrowers, their links to the same man — billionaire Larry Ellison — are starting to stir angst on Wall Street
Own_Philosopher8730
https://resist.bot/petitions/PIETRT
"Hold hearings on the FCC's approval of the Paramount-Warner Bros. Discovery merger and push to restore meaningful media ownership limits. This deal hands control of CNN and CBS News to David Ellison while giving Saudi Arabia, the UAE, and Qatar a combined 49.5 percent equity stake in the entity that will run two of America's three most important news networks. The so-called "editorial independence board" protecting these outlets will be hand-picked by the Ellisons themselves — the exact same arrangement Rupert Murdoch used when he took over the Wall Street Journal in 2007.
California's attorney general caved. The FCC, under Brendan Carr, blessed foreign authoritarian money flowing into American newsrooms. Every commitment Ellison made can be voided by a force majeure clause, and a sunset provision kills all obligations in five years. In every country that has slid into autocracy over the past half-century — Russia, Hungary, Egypt, the Philippines — the first move was putting the press in the hands of regime-friendly billionaires. We are watching that playbook run in real time. Congress needs to act: restore the media ownership rules Clinton dismantled in the Telecommunications Act of 1996 and enforce antitrust law before there is nothing left to protect."
Own_Philosopher8730
Matt Stoller said on his tweet: "Buying Warner Brother’s is the corporate acquisition equivalent of building on top of an ancient cursed Aztec graveyard. Good luck David Ellison and Makan Delrahim"
Own_Philosopher8730
Remember, guys: Mergers can still be challenged or even undone after receiving approval because entities can face lawsuits from governments, competitors, or consumers, and past mergers can even be forcibly broken up.
Own_Philosopher8730
The European Commission (EC) is highly unlikely to grant an unconditional approval for the $110 billion Paramount-Warner Bros. Discovery merger. That's how does differently.
Own_Philosopher8730
If you want to accept the merger, fine. But wait and see the consequences, and don't say I didn't warn you.
Own_Philosopher8730
Paramount Skydance believes that It's on track formally notify its takeover of Warner Bros. Discovery for EU approval by mid-June according to MLex.
https://www.bloomberg.com/news/articles/2026-10-03/paramount-debt-drop-spells-trouble-for-borrowers-credit-weekly
Borrowing is getting harder for companies. Paramount Skydance sold about $50 billion of buyout debt across markets this week, only to see much of it weaken within hours.