Paramount Skydance chief David Ellison and his tech billionaire dad Larry Ellison have been sued by a Paramount shareholder who alleges they cut an “illegal” deal with President Donald Trump to secure U.

The Delaware suit alleges Paramount won the bidding war for Warner Bros. by assuring President Trump there would be sweeping changes at CNN.

A press freedom group has filed a lawsuit seeking to stop Paramount Skydance’s multibillion-dollar deal to acquire Warner Bros. Discovery, the media conglomerate that owns cable news channel CNN. The suit, filed in Delaware on behalf of Paramount ...

The lawsuit further claims that the Ellisons’ political maneuvering has already damaged the media properties they control. Following the initial August 2025 merger between Skydance and Paramount Global,

The lawsuit claims that the Ellisons illegally promised to overhaul CNN. The complaint follows a coalition of state attorneys general, the Writers Guild of America and Paramount+ subscribers filing suits. By Winston Cho A fourth lawsuit has been filed ...

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,