David Ellison's Paramount agreeing to delay its WBD deal is actually a big flex

Paramount Skydance agreed to delay its $110 billion merger with Warner Bros. Discovery until June 2027 or after a trial, despite a lawsuit from 12 states alleging anticompetitive practices. The delay involves a 'ticking fee' of $7 million daily, which Paramount's financial backers, including CEO David Ellison and his father Larry Ellison, are positioned to absorb due to the deal's scale.