David Ellison Says Paramount Has Offered ‘Concessions and Commitments’ on Warner Bros. Merger, Urges AGs to Reach Settlement
The CEO's call comes as the $110 billion deal has satisfied all other regulatory conditions across 68 countries The post David Ellison Says Paramount Has Offered ‘Concessions and Commitments’ on Warner Bros. Merger, Urges AGs to Reach Settlement appeared first on TheWrap .
Paramount Skydance CEO David Ellison has urged 12 state attorneys general to resolve their lawsuit against the pending Warner Bros. Discovery merger, emphasizing that the $110 billion deal has satisfied all regulatory conditions in nearly 70 jurisdictions worldwide. Ellison stated that the company has offered commitments and concessions and remains open to working with the state AGs to find a path forward that benefits employees and the creative community.
However, the company argues that an additional eight-plus month delay for the March antitrust trial will impose unnecessary costs and business disruption, and plans to be on the hook for a 25 cent per share ticking fee starting Oct. 1, which amounts to $650 million per quarter or $7 million per day until a deal is closed.
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