Paramount Investors Allege Trump-Backed Side Deal Behind Merger
TL;DR Summary
Paramount investors filed a Delaware Chancery Court suit accusing David and Larry Ellison of orchestrating a Trump-backed side deal to win approval for Paramount’s bid to merge with Warner Bros. Discovery, including promises to overhaul CNN, up to $20 million in free advertising, and a $16 million Trump payment from a prior CBS settlement, arguing these actions breach fiduciary duties and create long-term liability amid ongoing merger-related litigation.
- David and Larry Ellison Sued by Paramount Investors Over Alleged Trump Side Deal The Hollywood Reporter
- Paramount Seeks Recusal Of Judge Assigned To State AGs’ Antitrust Challenge To Warner Bros. Discovery Merger Deadline
- FCC Chair Carr says California could drop lawsuit against Paramount, Warner Bros. merger if CNN is spun off The Hill
- Inside the states’ case to block the Paramount-Warner Bros. merger: 'Each side is taking risks' Los Angeles Times
- Paramount and Warner Bros. expect a delay in closing the deal CNN
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