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Robbins Sues to Block $111B Paramount-Warner Merger Over Trump Ties

7/16/2026

Summary

Robbins Sues

Paul Robbins sued David Ellison, Larry Ellison, Gerry Cardinale, Safra Catz and Skydance directors in Delaware Chancery Court to block Paramount's $111 billion merger with Warner Bros. Discovery.
The complaint claims the Ellisons promised benefits to U.S. President Donald Trump, including cash from CNN settlements and anchor firings.
The $24 billion investment, giving a 38.5% stake, has not been reviewed by CFIUS and was approved by Justice Department in June despite objections.

Summary

Shareholders Sue

The complaint alleges CBS News recorded its lowest ratings in 25 years, showing a steep viewership decline.
It says the Ellisons’ post-approval changes caused a talent exodus, that they bought properties, hosted events honoring U.S. President Donald Trump and labeled the merger a “latent liability,” warning Congress may investigate.
The suit, the fourth Delaware Chancery shareholder filing, joins 12 state attorneys general, the Writers Guild and Paramount+ subscribers.

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Robbins Sues

Paul Robbins sued David Ellison, Larry Ellison, Gerry Cardinale, Safra Catz and Skydance directors in Delaware Chancery Court to block Paramount's $111 billion merger with Warner Bros. Discovery.
The complaint claims the Ellisons promised benefits to U.S. President Donald Trump, including cash from CNN settlements and anchor firings.
The $24 billion investment, giving a 38.5% stake, has not been reviewed by CFIUS and was approved by Justice Department in June despite objections.

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