Twelve Democratic-led states have sued to block Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery. Paramount Skydance is run by David Ellison, whose father, Larry Ellison, is the billionaire founder of Oracle and a prominent ally and financial backer of President Trump. Under the proposed deal, CNN and CBS News, streaming services HBO Max and Paramount+, as well as film and television studios, would all be combined under a single entity controlled by the Ellisons. Here’s California’s Attorney General Rob Bonta.
Attorney General Rob Bonta: “This $110 billion proposed merger, the largest merger in Hollywood history, would extinguish competition. It would result in higher prices, lower content quality and fewer movies and TV shows. … I’m proud to lead 12 attorneys general across the country to put an end to a merger that, let’s just say it simply, breaks the law. It hurts an industry that touches the lives of Americans daily and brings so much to the state of California.”
The U.K. is weighing whether to take on the proposed merger between Paramount Skydance and Warner Bros. Discovery.










