Paramount CEO’s pursuit of Warner Bros. could cost him billions more — and he may be willing to dig in for a yearslong fight
By Brent Lang, Todd Spangler
Jeff Bottari/Zuffa LLC/Getty Images; Adobe Stock David Ellison and the leadership team at Paramount expected to spend much of the summer settling into new digs with Warner Bros. Discovery. A few weeks ago, they privately predicted the merger of the two media companies would be wrapped up by July or August at the latest.
Instead, Ellison is bracing for a long and costly fight to keep the $111 billion deal alive after 12 state attorneys general filed suit to block it on antitrust grounds. And that’s left the rank and file at both companies in a strange state of paralysis.
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