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Paramount Investor Alleges Ellison Trump-Backed Side Deal to Approve WBD Merger

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Source: Variety
Paramount Investor Alleges Ellison Trump-Backed Side Deal to Approve WBD Merger
Photo: Variety
TL;DR

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:entertainmentbusiness#business#donald-trump#ellison-family#paramount-skydance-merger#shareholder-lawsuit#warner-bros-discovery
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  1. Ellisons Sued by Paramount Investor Over Alleged Trump Side Deal for WB Approval  Variety
  2. Tennessee Is Courting Paramount — And the Studio Is Considering It (Exclusive)  The Hollywood Reporter
  3. Paramount Shareholder Sues Ellisons, Board For Alleged Side Deal, Promises To Donald Trump  Deadline
  4. Inside the states’ case to block the Paramount-Warner Bros. merger: 'Each side is taking risks'  Los Angeles Times
  5. WarnerMount Is Already Teasing a Supreme Court Showdown  puck.news

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