Former FTC Chair Lina Khan Says Paramount Merger ‘Seems Facially Illegal,’ Slams ‘Troubling’ Settlement Talks
"Behavioral remedies routinely fail," warns Khan, who led the Federal Trade Commission during Biden's administration The post Former FTC Chair Lina Khan Says Paramount Merger ‘Seems Facially Illegal,’ Slams ‘Troubling’ Settlement Talks appeared first on TheWrap .
Former Federal Trade Commission chair Lina Khan spoke out against settlement talks between California State Attorney General Rob Bonta and Paramount Skydance in 12 states' lawsuit against the acquisition of Warner Bros. Discovery. Khan, known for her advocacy against business monopolies, emphasized that the merger "seems facially illegal" and criticized the potential for unenforceable "behavioral remedies."
Khan urged the states to continue their case against Paramount, highlighting the importance of open markets for journalism and creative expression. The settlement discussions have drawn criticism from figures such as Sen. Elizabeth Warren and Mark Ruffalo. Khan's comments join a growing chorus of opposition to the settlement negotiations.
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