Paramount Skydance‘s $111 billion agreement to merge with Warner Bros. Discovery is not quite a done deal, but the company is preparing for the deal to close within the next few weeks. In an SEC filing Friday, Paramount said its board on Sept. 25 “determined to voluntarily withdraw the listing of its Class B common
David Ellison’s Paramount Skydance is in “advanced talks” with California Attorney General Rob Bonta to settle the 12-state antitrust suit that’s holding up its takeover of Warner Bros. Discovery, the Wall Street Journal reported Friday, citing anonymous sources. A Paramount spokesperson declined to comment. A rep for Bonta’s office said, “Potential settlement talks are confidential.
Paramount’s lawyers filed a legal response to the states’ antitrust lawsuit against the Warner Bros. Discovery merger on Friday, sketching out arguments and defenses it may use at a trial next March. Among other defenses, Paramount’s lawyers said they may claim that the coalition of 12 states lacks the authority to regulate the merger, “which
David Zaslav, president and CEO of Warner Bros. Discovery, has now sold over $195 million worth of stock since the media company clinched a deal to be acquired by David Ellison’s Paramount Skydance earlier this year. Zaslav’s latest sale of 773,173 shares of WBD stock, for an aggregate market value of $21,655,292, was handled on
The Directors Guild of America and IATSE are urging California Attorney General Rob Bonta to settle his antitrust lawsuit with Paramount, arguing that prolonged uncertainty over the Warner Bros. Discovery merger is bad for the industry. The two unions wrote a letter to Bonta and Paramount Skydance CEO David Ellison on Wednesday, urging the two
There’s no question that David Ellison, the doggedly ambitious CEO of Paramount Skydance, loves movies and filmmaking. In making his case for Paramount’s eye-poppingly pricey megadeal to merge with Warner Bros., he has repeatedly pledged that the combined company will release a lot more movies — to the tune of at least 30 titles per
