Paramount CEO David Ellison addressed staff in a companywide memo following the disclosure of an agreement to delay the $111 billion takeover of Warner Bros. Discovery. The delay comes in the wake of a lawsuit filed by state attorneys general challenging the massive media merger. In his communication to employees, Ellison sought to project confidence, stating that both the facts and the law are on the side of the companies.
The proposed transaction has also faced international pushback. In the United Kingdom, high-profile actors including Benedict Cumberbatch, Alan Cumming, and Benedict Wong have formally asked the British government to intervene and stop the planned merger.
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