David Ellison Addresses Paramount-Warner Bros. Merger Delay Amid State AGs’ Lawsuit in Staff Memo: ‘The Facts and the Law Are on Our Side’

Paramount CEO David Ellison, in a companywide memo, sought to project confidence that his $111 billion takeover of Warner Bros. Discovery will — eventually — cross the finish line. On Friday, Paramount disclosed an agreement to put the WBD deal on hold for at least several months, as it seeks to defends itself in an…