Memo Shows Ellison Confident Paramount-WBD Merger Will Proceed
Ellison said the companies expect the $110 billion deal to survive after 12 state attorneys general and the Writers Guild withdrew injunction bids.
- On Monday, Paramount Skydance CEO David Ellison sent a staff memo confirming the $110 billion merger with Warner Bros. Discovery will proceed, expressing confidence the transaction remains viable despite recent legal delays.
- A coalition of 12 state attorneys general led by California's Rob Bonta and the Writers Guild of America sued to block the merger on antitrust grounds, successfully obtaining a temporary restraining order.
- Paramount and the plaintiffs agreed to skip the preliminary injunction hearing scheduled for August 3, proceeding directly to a full trial while discussing potential dates with the court.
- The merger is paused until June 1, 2027, or five days after a court issues a ruling, whichever comes first; Paramount and Warner Bros. Discovery operate as separate, independent entities.
- Regulatory bodies in 65 jurisdictions—including the European Commission, Australia, and China—have cleared the transaction, supporting Ellison's position that the merger adheres to global antitrust laws.
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Paramount Chief Still Confident Of WBD Takeover
In a memo sent out to company staff on Monday morning, Paramount CEO David Ellison indicates he is confident that the $111 billion takeover of Warner Bros. Discovery will happen eventually, reports Variety News came on Friday that Paramount had agreed to put its WBD deal on hold for several months as it seeks to defend itself in an antitrust lawsuit filed by 12 state attorneys general seeking to block it. The agreement indicates the merger won’t…
Memo Shows Ellison Confident Paramount-WBD Merger Will Proceed
Paramount CEO David Ellison told employees Monday in a companywide memo obtained by Variety that he remains confident the company’s proposed $110 billion merger with Warner Bros. Discovery will ultimately be completed despite an agreement to delay the deal while it defends against antitrust lawsuits. Paramount announced Friday that the proposed merger will remain on hold while it defends against antitrust lawsuits filed by a coalition of 12 stat…
The Derrick
Paramount CEO David Ellison says the Warner merger is still on track
LOS ANGELES — Paramount Skydance Chief Executive David Ellison isn’t waving a white flag. After Paramount agreed Friday to delay its proposed merger with Warner Bros. Discovery to battle a stiffer-than-anticipated antitrust challenge from California Atty. Gen. Rob Bonta and…
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