The Ellisons may still get Warner Bros. But it won't be easy.

Larry Ellison backed the deal that let his son David buy Paramount this year. They were set to acquire Warner Bros. Discovery in the coming weeks — but a court challenge from the state of California means all bets are off. Eric Charbonneau/Getty Images for The Hollywood Reporter Larry and David Ellison bought Paramoun

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…