Paramount Skydance WKN: A412AL ISIN: US69932A2042 Forum: Aktien User: MrFloppy

It was a risky gambit. A loss at trial could kill the deal, and a lengthy legal journey would prove expensive as Paramount was set to rack up hefty fees it had agreed to pay Warner shareholders if the merger was delayed. ⛰️ But over the following weeks, Ellison waged a concerted behind-the-scenes campaign. He crisscrossed the country courting politicians, hired well-connected operatives and lobbyists to work regulators and lawmakers, cultivated allies with Republicans and Democrats and, in a pivotal move, even threatened to move his empire out of California. 🗻 California’s Gavin Newsom publicly called on the two sides to settle the matter, and privately encouraged the attorney general to go to the table. Ellison met with Newsom on more than one occasion. 🌋 Ellison’s efforts all came to fruition on Tuesday when Paramount officially closed the Warner deal and met with employees of the combined company—now renamed Skydance—at a town hall on the Warner Bros. studio lot.