Business Insider
US · 3 hrs ago
David Ellison's Paramount beats earnings estimates — but may owe WBD shareholders more than $1 billion
Paramount Skydance CEO David Ellison's company may soon have to pay up to WBD investors.
Gabe Ginsberg/Getty Images
Paramount Skydance beat revenue and earnings estimates, but its backers may soon have to pay up.
The trial for Paramount's proposed merger with WBD won't start until March 2, a federal judge ruled.
Paramount agreed to pay WBD shareholders about $7 million per day that its deal isn't closed, starting September 30.
David Ellison's Paramount Skydance beat earnings estimates on…
Do you trust Business Insider?
Sign in to rate
Discussion
?
No comments yet — be the first to start the discussion!