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Ellison

All articles tagged with #ellison

entertainment24 days ago•7 min saved

Trump and Ellison Dragged Into Paramount-WBD Drama in Jeff Shell Case

New court filings in RJ Cipriani’s lawsuit against Paramount’s Jeff Shell allege secret talks between Donald Trump and Larry Ellison about Paramount’s bid for Warner Bros. Discovery, with Shell allegedly relaying Trump’s assurances to Ellison; Cipriani’s suit, now naming Ellison and his son David, claims high‑level executives discussed seven‑figure settlements, while Shell countersues for extortion and a separate probe reviews texts connected to South Park streaming rights and UFC deals.

via Page Six|

#donald-trump #ellison #entertainment

business1 month ago•18 min saved

Ellison Sets Ambitious Tone Amid Turbulent Warner Meeting

Paramount CEO David Ellison addressed Warner Bros. Discovery leaders about a $111 billion merger, outlining a plan for a unified company with more content, a single streaming platform, and 30+ theatrical releases per year, while acknowledging the deal has been turbulent; attendees noted mixed reactions and a lack of concrete timelines, fueling ongoing uncertainty about layoffs and strategy, though he stressed editorial independence for CNN and CBS News.

via The Hollywood Reporter|

#acquisition #business #ellison

politics1 month ago•3 min saved

Oversight Panel Accuses Minnesota Leaders of Failing to Stop Federal Fraud

A House Oversight Committee interim report alleges that Governor Tim Walz and Attorney General Keith Ellison knew for years about widespread fraud in federally funded Minnesota social services, failed to suspend payments despite authority, and allowed hundreds of millions to billions of dollars to flow to fraudulent actors, with whistleblowers sidelined and investigations ongoing.

via House.gov|

#ellison #fraud #minnesota

politics1 month ago•7 min saved

Capitol Hill confronts Minnesota fraud probe as Walz and Ellison testify

The House Oversight Committee revisits Minnesota’s welfare‑fraud saga, with Gov. Tim Walz and Attorney General Keith Ellison testifying as Republicans allege they knew of fraud years ago and did not act, potentially costing taxpayers billions; Walz and Ellison defend their actions amid ongoing investigations, whistleblower protections, and a broader funding dispute with the federal government.

via CNN|

#ellison #fraud #house-oversight

business1 month ago•7 min saved

Ellison's High-Stakes Bid: Skydance Eyes Warner Bros. Takeover

Paramount Skydance chief David Ellison has pressed a high-stakes bid to acquire Warner Bros. Discovery, including a hostile tender offer and talks with Netflix; while Skydance’s box-office legacy is anchored by Tom Cruise-led franchises, many films carry big budgets with uneven profitability, making a WBD takeover a potentially transformative move for both studios.

via CNBC|

#box-office #business #ellison

business2 months ago•17 min saved

Paramount Adds Fees and Cash Backing to Bid for Warner Bros. Discovery

Paramount sweetens its bid for Warner Bros. Discovery by adding a quarterly ticking fee of $0.25 per WBD share if the deal isn’t closed by December 31, 2026 (about $650 million per quarter) and by funding a $2.8 billion termination fee to Netflix, plus financing concessions. The amended offer is fully financed with roughly $43.6 billion in equity from the Ellison family and RedBird Capital Partners and $54 billion of debt from major banks, backed by Larry Ellison’s personal guarantee of $43.3 billion. Paramount would reimburse WBD shareholders’ $1.5 billion financing cost and backstop an exchange offer to relieve WBD’s bondholder obligations, while offering flexibility between signing and closing and potential contractual tweaks if WBD’s performance worsens. WBD is pursuing its own Netflix-backed plan to spin off assets and remains resistant, making for a prolonged battle.

via Deadline|

#business #ellison #mergers-and-acquisitions

business2 months ago•16 min saved

Ellison Promises Anti-Monopoly Approach in Paramount‑WBD Bid

Paramount chairman and CEO David Ellison sent an open letter outlining an anti-monopoly, competition-forward stance as part of his $108.4 billion hostile bid for Warner Bros. Discovery. He pledges the combined entity would produce at least 30 theatrical features annually (15 from Paramount Skydance and 15 from Warner Bros. Studios), keep HBO independent, and maintain long theatrical windows (a minimum 45 days before PVOD, with 60–90 days for top titles), while continuing to license content and acquire third‑party material. Ellison argues the deal would strengthen competition against Netflix amid U.S. and EU regulatory scrutiny.

via Variety|

#business #competition #ellison

politics2 months ago•5 min saved

Walz and Ellison to testify before Congress on Minnesota welfare-fraud probe

Minnesota Gov. Tim Walz and Attorney General Keith Ellison will testify March 4 before the House Oversight and Government Reform Committee about Minnesota social security/welfare fraud, as part of Chair James Comer’s investigation and a broader push to curb waste and abuse; Walz has previously spoken on immigration enforcement cooperation, and Ellison is a former congressman, with the hearing occurring amid ongoing funding and immigration-policy debates in Congress.

via Politico|

#congress #ellison #fraud

business2 months ago•1 min saved

Caroline Ellison Walks Free After 14 Months in FTX Fraud Case

Caroline Ellison, former Alameda Research head and on‑again partner of Sam Bankman-Fried, was released from federal custody after serving about 14 months for seven charges tied to the FTX fraud; she testified against Bankman‑Fried, who received a 25‑year sentence, and Ellison was ordered to forfeit $11 billion, marking a late chapter in one of the largest U.S. financial-fraud investigations.

via The Guardian|

#business #cryptocurrency #ellison

politics2 months ago•5 min saved

Justice Department subpoenas Minnesota leaders in immigration-enforcement probe

The Justice Department served grand jury subpoenas to Governor Tim Walz, Attorney General Keith Ellison, Minneapolis Mayor Jacob Frey and other Minnesota officials as part of a probe into whether state or local actors conspired to impede federal immigration enforcement.

via CBS News|

#doj #ellison #frey

business2 months ago•16 min saved

Ellison Leads European Push to Back Warner Bid

Paramount Skydance chief David Ellison is conducting a high-profile European lobbying tour—meeting leaders in Paris (including President Macron) and senior officials, plus industry executives in Germany and the U.K.—to muster political and industry support for his $108.4 billion hostile bid to buy Warner Bros. Discovery and oppose Netflix. The outreach comes as regulators in Europe and the U.S. scrutinize both deals; Ellison’s team also highlights France’s four-month cinema windows versus Netflix’s longer timelines, while a Delaware court has so far blocked fast-tracking in the Warner-Netflix dispute, and the bid carries an Jan. 21 self-imposed expiration.

via Variety|

#business #ellison #europe

politics2 months ago•3 min saved

Minnesota Sues ICE; judge sets response deadlines, no immediate restraining order

A federal lawsuit filed by Minnesota Attorney General Keith Ellison and the mayors of Minneapolis and St. Paul seeks to block ICE operations in the state as part of the Trump administration's 'Operation Metro Surge.' The judge did not grant an immediate restraining order, instead setting deadlines for the federal government to respond by Jan. 19 and for Minnesota to file its reply by Jan. 22, describing the case as a constitutional frontier with few precedents.

via kare11.com|

#ellison #federal-court #ice

business2 months ago•17 min saved

Glaser's Five-Dollar Bid Joke Mirrors WBD Takeover Drama

At the Golden Globes, host Nikki Glaser quipped about starting the bidding for Warner Bros. Discovery at five dollars, underscoring the high-stakes takeover battle between Paramount Skydance and Netflix-led WBD. Paramount has offered $30 per share backed by Larry Ellison, while WBD’s board urges shareholders to reject the deal. The ceremony also highlighted WBD’s nine wins across HBO Max, Warner Bros. Television and Warner Bros. Pictures as the corporate battle plays out behind the scenes.

via Deadline|

#business #ellison #golden-globes

business3 months ago•1 min saved

Father and Son Launch $108 Billion Hostile Takeover of Warner Bros. Discovery

Larry Ellison, co-founder of Oracle, is backing a $108 billion hostile bid for Warner Bros. Discovery to help his son, David Ellison, CEO of Paramount, expand their influence in Hollywood and media, highlighting a close and strategic father-son partnership.

via The New York Times|

#business #david-ellison #ellison

business3 months ago•2 min saved

Larry Ellison's $40B Guarantee Boosts Paramount's Warner Bros. Bid

Warner Bros.' fifth-largest shareholder criticizes Ellison's $40 billion guarantee as insufficient for Paramount's revised bid, highlighting ongoing tensions in the media industry deal negotiations.

via TipRanks|

#bid #business #ellison