FCC chief tells CNBC WBD-Paramount merger deal is ‘cleaner' than Netflix's, will be approved ‘quickly' [CNBC]
Netflix, Inc. (NFLX)
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Source: CNBC
Carr said that a previous Netflix bid would have “raised a lot of competition concerns.” Paramount said it will pay a $7 billion breakup fee if the deal doesn't get regulatory approval. In this article FCC Chairman Brendan Carr has told CNBC that Paramount's bid to buy Warner Bros. Discovery is “cleaner” than Netflix's , adding he expected it to be approved “pretty quickly.” “There's a lot of concerns when Netflix was the potential buyer there,” Carr said on the sidelines of the Mobile World Congress in Barcelona on Tuesday. “That particular combination raised a lot of competition concerns.” Paramount Skydance put in a revised offer to buy the entirety of WBD last week at $31 per share, up from $30 per share, which the WBD board deemed superior to an existing Netflix proposal. Netflix had been set to buy the media giant's studio and streaming businesses for $27.75 per share, but said this was “no longer financially attractive” in light of Paramount's offer. Carr spoke w
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