Paramount’s $110 billion Warner Bros deal poised to win FCC backing: FT

U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount’s $110 billion deal to buy Warner Bros and played down competition concerns over a combination of CBS and CNN, the Financial Times reported on Tuesday.

Carr told FT ‌at the ⁠Mobile World ⁠Congress in Barcelona on Monday that concerns had been raised in Washington about the concentration of power stemming from Warner Bros’ previously agreed deal with Netflix, but added that the market share implications of a potential Paramount purchase were “drastically different.”