Sen. Cory Booker (D-NJ) attacked the newest settlement between the 12 state attorneys general and Paramount in their acquisition of Warner Bros. Discovery.
\n\nLast Thursday, days after a deal had been struck, paving the way for the acquisition, Booker wrote that the deal raises questions that need to be resolved.
\n\n“I respectfully urge the Court, before ruling on the joint motion, to direct the parties to file a statement, modeled on the competitive impact statement required by 15 U.S.C. § 16(b), that explains how each provision remedies each harm alleged in the complaint, sets out the pre-merger baselines against which the output and spending commitments were calibrated, and describes the structural alternatives the States considered and why they rejected them,” he wrote.
\n\n“The Court should also consider appointing an independent economic expert under Federal Rule of Evidence 706 to assess whether the decree’s commitments restore competition in the pleaded markets. Finally, the Court should measure the proposed remedies against the relief the States originally sought: an injunction blocking the merger altogether,” he added.
\n\nParamount and the coalition 12 state attorneys general defended the settlement in response to Booker’s criticisms on Monday.
\n\n“The proposed consent decree eliminates that risk of post-merger…
Original source: https://www.breitbart.com/entertainment/
