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Todd Spangler
NY Digital Editor
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Getty Images Paramount CEO David Ellison, in a companywide memo, sought to project confidence that his $111 billion takeover of Warner Bros. Discovery will — eventually — cross the finish line.
On Friday, Paramount disclosed an agreement to put the WBD deal on hold for at least several months, as it seeks to defends itself in an antitrust lawsuit filed by 12 state attorneys general seeking to block the pact. The agreement to pause the Paramount-WBD merger until after the trial will potentially prevent it from closing until 2027.
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