One of the world’s richest men, and his son, wanted to buy one of the most prestigious assets in the media world.
Now they have gotten their wish.
That’s the important part about Monday’s news: Larry and David Ellion’s Paramount has settled a lawsuit brought by California and several other states, which sought to hold up Paramount’s planned acquisition of Warner Bros. Discovery. With that out of the way, there are no longer any serious regulatory challenges to the deal. So the Ellisons can start finalizing their $111 billion acquisition in the very near future.
That means the Ellisons will have combined control of major media assets, including…
