Pam Bondi, Trump’s U.S. Attorney General, may have conflicts of interest in overseeing a review of a deal for Warner Bros. Discovery — and she should recuse herself from a review of any such transaction, two prominent Democratic senators said.
Warner Bros. Discovery has entered into an $83 billion agreement with Netflix, which would acquire Warner Bros.’ studios and HBO Max. David Ellison’s Paramount Skydance has mounted a hostile takeover bid, with what it claims are deal terms more favorable to shareholders. On Wednesday, WBD rejected Paramount’s $30/share bid as “inferior” to the Netflix deal and recommended that shareholders reject the Paramount offer. Paramount is sticking with its
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