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Two top House Democrats are investigating whether Paramount and Skydance Media acquiesced to "illegitimate demands" from President Donald Trump in order to win approval for their $8 billion merger .

"Two wrongs do not make a right," Reps. Jamie Raskin of Maryland and Frank Pallone of New Jersey wrote to David Ellison, CEO of the newly formed Paramount Skydance Corporation , in a letter obtained by CNBC.

"Illegitimate demands from the [Federal Communications Commission] or the Administration do not absolve your company from wrongdoing," wrote Raskin and Pallone, the top Democrats on the House Judiciary and Energy committees, respectively.

The FCC blessed the merger in late July , less than

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