The High Stakes Game of Bargaining with the News
Just a few weeks ago, David Ellison and Paramount were staring down the barrel of a $7 million dollar per day fine for every day their merger with Warner Bros was not finalized, with a 12 state class-action antitrust lawsuit standing in the way. The states, led by California attorney general Rob Bonta, seemed to have Ellison backed into a corner.
But then, at what seemed like the 11th hour, Bonta announced a settlement with Paramount that would allow the merger to go through. The deal closed this week, officially giving Trump allies David and his father Larry Ellison control over vast swaths…
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