#dc adjacent

Oh, he's WORRIED worried about them looking into his finances, isn't he?

But again, this is also the man who has dodged every direct attempt to ask him questions about where the money is coming from and his plans or the company, up to his just sending a written response when they were holding hearings back when Netflix were interested and they asked him to come to explain his counter-offer.

This relates to this guy, FYI.

Like, is he really so arrogant that he doesn't care how hugely corrupt he looks?

A dozen states have thrown the long-awaited wrench into the Paramount deal to acquire Warner Bros. Discovery, raising the prospect that its plan faces a delay it can ill afford.   The 12 state attorneys general, led by California AG Rob Bonta, on Monday filed their lawsuit challenging the $110 billion merger, alleging the deal would reduce competition in the distribution of films and give the combined company too much power when negotiating with TV distributors, ultimately leading to higher prices for consumers. Later that evening, it asked a federal judge to temporarily halt the transaction. The states have a unique time advantage in this legal fight. While the restraining order is for two weeks, it could lead to a temporary injunction that pushes back the closing date past Paramount’s self-imposed Sept. 30 deadline, after which it would have to begin paying a daily “ticking fee” to shareholders, which amounts to about $650 million each quarter. Ultimately, this case lives and dies on whether the judge grants the preliminary injuntion. Such a move could be a devastating blow to Paramount’s bid to cobble together two legacy studios — it’s already taking on massive debt for the deal and isn’t in a position to pay out even more to shareholders. It also potentially gives the state AGs significant leverage over the company with future settlement talks. 

Yesss! Eat their money! Make the deal collapse!

A fourth lawsuit has been filed looking to block Paramount‘s bid to acquire Warner Bros. Discovery, this time by shareholders who accuse David Ellison and his father, Oracle scion Larry Ellison, of striking an illegal deal with President Trump for approval of the merger. In a lawsuit filed on Tuesday in Delaware Chancery Court, the investors claim that the Ellisons promised to make sweeping changes at CNN to greenlight the merger. They also point to an alleged promise for up to $20 million in free advertising and a $16 million payment to Trump through a prior settlement by the studio’s previous ownership to resolve an allegedly frivolous lawsuit he had filed against CBS. “The Ellisons’ actions not only harm the reputations of the news outlets they currently own, which are hemorrhaging viewers, but they are latent liabilities waiting to be triggered by a future administration,” states the complaint. The lawsuit brings claims for breaches of fiduciary duty for creating “enormous financial and legal risk” for Paramount. It names the Ellisons and other members of Paramount’s Board of Directors. The legal action follows a coalition of 12 state attorneys general, the Writers Guild of America and Paramount+ subscribers suing the studio for a court order to stop the merger. Paramount didn’t immediately respond to a request for comment.