Paramount Investor Alleges Ellison Trump-Backed Side Deal to Approve WBD Merger
TL;DR Summary
Paramount Global shareholder Paul Robbins filed a derivative suit in Delaware Chancery Court accusing David and Larry Ellison of orchestrating an 'illegal' side deal with Donald Trump to win federal approval for Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery, including alleged plans to funnel cash to Trump and to dismiss CNN anchors he dislikes. The suit seeks to block the merger and damages, arguing the arrangement risks Paramount and its investors and invites future regulatory scrutiny; Trump is not named as a defendant.
Topics:entertainment#business#donald-trump#ellison-family#paramount-skydance-merger#shareholder-lawsuit#warner-bros-discovery
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