01:51 PM EDT, 08/21/2025 (MT Newswires) -- Two Democrats in the US House of Representatives are investigating the recently completed merger between Paramount and Skydance Media that formed Paramount Skydance ( PSKY ) to determine if the companies submitted to "illegitimate demands" from President Donald Trump in order to earn regulatory approval, CNBC reported, citing a letter the legislators sent to Chief Executive David Ellison.

"Illegitimate demands from the [Federal Communications Commission] or the Administration do not absolve your company from wrongdoing," Reps. Jamie Raskin of Maryland and Frank Pallone of New Jersey said in the letter, according to CNBC.

Paramount Skydance ( PSKY ) 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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