The Center for American Rights petitioned the Federal Communications Commission to challenge Paramount Global's (PARA) planned $8.4 billion merger with Skydance Media, Reuters reported Tuesday, citing a filing.
Tencent Holdings' stake in Skydance has raised concerns of foreign influence on US media, according to the report.
Paramount did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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