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 settle their lawsuit against the pending Warner Bros. Discovery merger, as the $110 billion deal has met all regulatory conditions in nearly 70 countries. In a statement, Ellison noted that Paramount has offered commitments and concessions to work with the state AGs for a favorable outcome for employees and the creative community.
The company argues that a delay in the March antitrust trial would result in "needless costs" and "harm" to the 12 states' constituents. Starting October 1, Paramount will face a 25 cent per share ticking fee of $650 million per quarter, until a deal is finalized. The merger closing deadline is June 4, 2027, and if it does not occur due to regulatory issues, Paramount would pay Warner Bros. Discovery a $7 billion termination fee.
Written by urgent.news from TheWrap's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
