David Ellison may have believed that Paramount Skydance could have closed its $111 billion acquisition of Warner Bros. Discovery by now. The deal was approved by the Justice Department in June (apparently over the objections of staff reviewing it). It has been officially cleared by the EU, and Paramount agreed to the relatively minor concession
Paramount Skydance boss David Ellison and his father, tech billionaire Larry Ellison, were sued by a Paramount shareholder who alleged they reached an “illegal” deal with President Donald Trump to secure US government approval for the acquisition of Warner Bros. Discovery. The shareholders’ lawsuit, filed Tuesday in Delaware Court of Chancery, seeks to block Paramount’s
A group of 12 Democratic state attorneys general is suing to block Paramount Skydance’s merger with Warner Bros. Discovery, arguing that the transaction violates antitrust law by giving the combined company undue power in three markets: wide-release theatrical distribution, blockbuster movies and basic cable television. Paramount says the lawsuit “distorts established antitrust law” and that
A coalition of 12 states filed an antitrust lawsuit Monday to block the merger of Paramount Skydance and Warner Bros., defying the Justice Department, which approved the deal last month. The coalition, led by California Attorney General Rob Bonta, alleges that the $111 billion transaction violates the Clayton Act by reducing competition in three distinct
As expected, Warner Bros. Discovery shareholders gave the green light to Paramount Skydance‘s $111 billion deal to acquire the media company — moving David Ellison one step closer to controlling a new Hollywood empire. But investors weren’t OK with the lavish golden parachutes that CEO David Zaslav and other WBD top brass are set to