Paramount Skydance CEO David Ellison just confirmed to employees that the company had settled the lawsuits that were holding up its deal to buy Warner Bros. Discovery.
“We have complete clearance for this merger and can move toward closing,” Ellison said in a Monday memo, which was obtained by Business Insider.
Ellison said that Paramount is “tentatively planning” to complete its $110 billion acquisition of WBD in “approximately two weeks.”
After completing this deal, Paramount will be a Hollywood behemoth that owns Paramount Pictures, the Warner Bros. studio, CBS, HBO, HBO Max, Paramount+, Pluto TV, and TV networks like CNN, TNT, TruTV, and…
