Tag

Ellison

All articles tagged with #ellison

business1 month ago•22 min saved

Bonta’s Paramount Challenge: A Fairness-First Antitrust Stand

California Attorney General Rob Bonta is pursuing a high-stakes antitrust lawsuit to block Paramount Skydance’s merger with Warner Bros. Discovery, arguing the deal harms competition and demanding structural remedies rather than simple concessions. Facing political pressure to settle, Bonta has pressed forward, underscoring his fairness-and-rule-of-law approach and drawing on his activist-family background as the case heads toward a March trial with potential penalties accruing after Sept. 30.

via Variety|

#antitrust #bonta #business

business1 month ago•11 min saved

Feds Seize SBF Allies' Anthropic Stakes as AI Titan Soars

U.S. authorities seized the Anthropic shares owned by Caroline Ellison and Nishad Singh after their pleas, selling them to existing investors; the proceeds could be used to compensate FTX victims through remission, but details—who bought the shares and how much—remain unclear even as Anthropic's value has surged, potentially yielding billions in value.

via Business Insider|

#anthropic #business #ellison

business1 month ago•6 min saved

Ruffalo rejects antisemitism claims in Ellison-Warner Bros. merger clash

Mark Ruffalo pushes back on antisemitism accusations after criticizing the Ellison family’s Warner Bros. Discovery merger, saying his remarks target corporate actions, not Jewish people; Paramount condemns the use of antisemitic tropes in the dispute as the deal faces regulatory scrutiny and opposition from a coalition of state attorneys general.

via Fox News|

#antisemitism #business #ellison

entertainment1 month ago•17 min saved

Ruffalo Pushes Back on Antisemitism Charge in Oracle-Paramount Merger Debate

Mark Ruffalo responded to Paramount’s accusation that his criticism of the Oracle Ellison family’s involvement in the proposed CNN/HBO/Warner Bros. merger was antisemitic, arguing that his points target corporate actions and technology — not Jewish people — and warning that the deal could have real consequences for livelihoods and editorial freedom; Paramount said antisemitic tropes are unacceptable and they do not tolerate prejudice.

via Variety|

#antisemitism #ellison #entertainment

politics1 month ago•3 min saved

Minnesota moves to compel extradition of ICE agent from Texas

Minnesota Attorney General Keith Ellison sued Texas Governor Greg Abbott to force the extradition of ICE agent Christian Castro, who faces four counts of second-degree assault and a false reporting charge in Minnesota after a May shooting during an enforcement operation. Castro was arrested in Texas but has not been moved to Minnesota, with Ellison accusing Abbott of withholding the rendition warrant for about three months. The filing, tied to tensions from Operation Metro Surge, seeks to ensure Castro faces justice in Minnesota as Minnesota officials continue their push for accountability regarding the incident.

via Politico|

#ellison #extradition #ice

politics1 month ago•2 min saved

Minnesota Sues Texas Governor to Force ICE Agent Extradition for Trial

Minnesota Attorney General Keith Ellison filed a lawsuit against Texas Governor Greg Abbott to compel the extradition of ICE agent Christian Castro so he can be tried in Minnesota on assault and falsely reporting a crime related to a January Minneapolis shooting; Ellison asks for a temporary restraining order to keep Castro in custody and argues Abbott has refused to honor the extradition request.

via NBC News|

#abbott #ellison #extradition

business1 month ago•22 min saved

Ellison Bets CNN Sale to Rescue a $111B Deal, But Antitrust Case Remains

Paramount Skydance’s $111 billion merger with Warner Bros. Discovery — which would place CNN under WBD’s umbrella — is facing an antitrust lawsuit over market concentration in film distribution and basic cable. Paramount reportedly floated selling CNN to appease critics, but observers say such a divestiture would not end the lawsuit. A ticking fee of about $7 million per day accrues if the deal misses the Sept. 30 deadline, and if not closed by June 4, 2027, a $7 billion breakup fee applies. CEO David Ellison has even signaled relocating Paramount out of California if the settlement isn’t reached, underscoring the political and legal pressure surrounding the deal.

via Yahoo Finance|

#antitrust #business #cnn

business2 months ago•19 min saved

Ellison Bets the Farm on a Yearslong Paramount–Warner Merger Fight

Paramount CEO David Ellison is bracing for a drawn-out, costly fight to keep his $111 billion Warner Bros. Discovery merger alive after 12 state attorneys general sued to block it on antitrust grounds. With a ticking-fee late-stage financing arrangement in play and a potential trial date set for March 2027, Ellison has signaled confidence the deal will close but faces ongoing legal battles, regulatory hurdles, and pressure to offer concessions if a settlement with state AGs isn’t possible. Analysts note the stakes are enormous for both companies and the broader media landscape, and some say a settlement or governance safeguards may be the only viable path forward, while Ellison appears prepared to go the distance.

via Variety|

#antitrust #business #ellison

entertainment2 months ago•26 min saved

Critics push back on Ellison’s mega-merger plan, warning of job losses and reduced cinematic risk

A pointed critique of David Ellison’s NYT op-ed and the Paramount-Warner merger, arguing it would cost jobs, curb artistic risk, and entrench studio power, alongside coverage of Spider-Man: Brand New Day’s bold reimagining of Jean Grey and Jane Schoenbrun’s Camp Miasma exploring trans storytelling and fandom.

via avclub.com|

#brand-new-day #camp-miasma #ellison

business2 months ago•17 min saved

Antitrust Trial Set for March 2027 Hits Ellison's Paramount-Warner Bid

A coalition of 12 states will push Paramount’s $111 billion takeover of Warner Bros. Discovery to a 12‑day antitrust trial starting March 2, 2027, after Paramount pressed for a later start. From Oct. 1, Paramount must pay roughly $7 million per day in ticking fees to Warners shareholders until the deal closes, potentially totaling over $1.5 billion before a ruling. The trial is led for Paramount by Beth Wilkinson, with Milbank lawyers James Weingarten and Richard Parker representing the states. If the merger isn’t closed by the June 2027 outside date, Warner can terminate and collect a $7 billion termination fee. Ellison has said financing is in place and the deal is lawful, despite politicized scrutiny around CNN.

via The Hollywood Reporter|

#antitrust #business #ellison

business2 months ago•18 min saved

Ellison Argues CNN Is The Merger’s Real Obstacle, Promises 'Down The Middle' News

Paramount CEO David Ellison writes in a New York Times op-ed that opposition to Paramount’s $110 billion merger with Warner Bros. Discovery is driven by CNN coverage rather than market-share concerns, and he pledges to run CNN independently and 'down the middle' as the deal remains paused pending a lawsuit; the Times piece comes as Paramount and WBD prepare quarterly results and a judge eyes a trial date for later this year or early 2027.

via Deadline|

#business #cnn #ellison

business2 months ago•17 min saved

Ellison Frames CNN as Catalyst Behind Paramount-WBD Antitrust Fight

David Ellison argues in a New York Times op-ed that the antitrust challenge to Paramount-Warner Bros. Discovery hinges less on market share and more on CNN and political optics, pledging newsroom independence and steady production if the deal proceeds.

via The Hollywood Reporter|

#antitrust #business #cnn

business2 months ago•17 min saved

Paramount Shareholder Targets Ellisons Over WBD Pursuit, Paramount Responds

A Paramount shareholder filed a derivative lawsuit in Delaware Chancery Court against CEO David Ellison, Larry Ellison, and Paramount’s board, alleging breach of fiduciary duty in pursuing the Warner Bros. Discovery merger and claiming promises to overhaul CNN and other actions were made to secure regulatory approval. Paramount pushed back, saying the suit recycles previously reported allegations and that no commitments were made to any government body beyond delivering truthful journalism, while maintaining the merger’s merits. The filing follows other antitrust challenges and lawsuits related to the deal from state attorneys general, WGA, and Paramount+ subscribers.

via Deadline|

#business #cnn #ellison

business2 months ago•16 min saved

Paramount Investors Allege Trump-Backed Side Deal Behind Merger

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.

via The Hollywood Reporter|

#business #cnn #ellison

business2 months ago•7 min saved

States sue to derail Paramount-Warner mega-merger

California and 11 other Democratic attorneys general filed a federal antitrust lawsuit to block Paramount Skydance’s roughly $111 billion takeover of Warner Bros. Discovery, arguing the merger would extinguish competition, raise prices, and consolidate control over film, TV, and news assets (including CNN). Paramount contends the deal is pro-competitive and had DOJ approval, while the states seek to delay closing via injunction, potentially slowing the deal amid a shifting Hollywood landscape.

via Los Angeles Times|

#antitrust #business #cnn