India, June 9 -- Paramount Skydance Corporation (PSKY) has accused Netflix of running a "scorched-earth campaign" against its proposed $111 billion bid for Warner Bros. Discovery, as revealed in a letter to the U.S. Department of Justice.
In a letter dated June 5, Paramount's Chief Legal Officer, Makan Delrahim, claimed that Netflix sought to sway regulators and others to oppose the deal. He pointed out that Netflix's response seemed driven by worries about facing a tougher competitor in the streaming and entertainment industry.
This letter was a reply to concerns raised by the International Brotherhood of Teamsters, which urged the Justice Department to halt the acquisition unless there were safeguards for film and TV workers. The union ...