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Lawmakers question $16 million settlement, cancellation of “The Late Show,” and alleged $20 million “side deal,” warning potential violations of anti-bribery laws.

The post-merger executive lineup includes Jeff Shell as president, Cindy Holland leading streaming, Andy Gordon as COO, and Dana Goldberg and Josh Greenstein as co-presidents of Paramount Pictures.

If the deal doesn’t close by the new July 6 deadline, or if regulators ultimately block it, either party may walk away.

The merger got a greenlight by the Securities and Exchange Commission (SEC), who made Paramount Global’s S-4, or the form filed to the SEC in M&A cases, effective as of Thursday.