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David Ellison Addresses Paramount-Warner Bros. Merger Delay Amid State AGs’ Lawsuit in Staff Memo: ‘The Facts and the Law Are on Our Side’
Variety
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Paramount CEO David Ellison addressed staff in a memo, asserting confidence that the $111 billion takeover of Warner Bros. Discovery will eventually proceed. The deal is on hold for several months while the company defends itself against an antitrust lawsuit filed by state attorneys general.
Paramount CEO David Ellison, in a companywide memo, sought to project confidence that his $111 billion takeover of Warner Bros.
Discovery will — eventually — cross the finish line.
On Friday, Paramount disclosed an agreement to put the WBD deal on hold for at least several months, as it seeks to defends itself in an […] ...
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