David Ellison, Skydance’s head of the media, has had an excellent tone in his search to buy Shari Redstone’s Paramount, according to money.
The tranquility of the film’s mogul movie in media outbreaks in recent days may seem a bit strange for regular money readers. We have been chronicling as the $ 8 billion agreement is facing significant heads of the Trump administration regulatory apparatus and the President’s legal team.
Not according to Ellison, though. In fact, the son of the Oracle billionaire, Larry Ellison, has told people on television and movie circles in Los Angeles that he believes that the agreement will pass before the end of summer, long before the death date in October, when the two parties need to leave if the agreement is not over, according to two sources with direct knowledge of the subject.
It is unclear why Ellison, that the independent study has produced successes such as “Top Gun: Maverick” and the last sequelae “Mission: impossible”, is so optimistic because much of the news that surrounds the transaction have been more than encouraging.
Trump’s regulators are attening to their obligatory approval, as they are investigating whether the Paramount’s News CBS subsidiary violated the guidelines of the Federal Communication Commission that their content must be free from political bias; Conservatives have complained about CBS left bias for years: a position that the network has vehemently denied.
Trump has also filed a $ 20 billion lawsuit against CBS in the Federal Court of Texas, accusing the “60 minutes” of the network to violate a obscure state business law in a case that involves his controversial interview with Kamala Harris during the 2024 presidential election. Trump claims that his democratic place was misleading. Paramount believes that the regulatory approval of the agreement depends on an agreement.
However, as reported earlier, the Redstone Board and the Board are worried about being in the hook for bribery expenses if the payment is considered as a quid-pro-quo to reach the agreement. This is because his head, Redstone, will receive a payment of $ 2 billion after the merger is completed.
But maybe Ellison knows something we don’t know. Both parts of the demand have recently held discussions on the liquidation, according to the money. They have discussed a payment of $ 35 million to end the demand, a far cry from the $ 20 billion and lower than $ 50 million, which was originally sought.
As the money has reported, a potential agreement has been discussed where CBS manages millions of public services for public services ads for the taste of the President, such as combating anti -Semitism, as well as a lower cash payment.
Sources say that the mediator has warmed up to the idea of PSA and a minor monetary payment than what Trump has sought. But it is unclear if Trump will accept these terms.
“President Trump promises to keep those who traffic in false news, deception and lies to consider,” Trump Ed Paltzik’s lawyer said on Wednesday.
“CBS and Paramount went to the President in an attempt to harm his reputation as they committed the worst type of interference and election fraud during the closing days of the most important presidential election in history. President Trump will pursue this vital issue until his just and just conclusion.”
A spokesman for Paramount had no comment. A spokesman for David Ellison rejected his comment.
Trump recently praised the Oracle Sion as someone who will be a great functioning and would change the culture to CBS, or as Trump said (of his usual manner): “They are all fired” when the property changes.
David Ellison’s father, Larry Ellison, supplies the money (some of his $ 250 million in net value) for the primordial merger and, as reported, has an open line at the White House given his relationship with the President.
The media in the media industry say that there could also be a scenario where the agreement is approved before the demand is established. Ellison then was able to write Trump on the check after he took care of Paramount.
Or maybe Paramount is ready to bite the bullet and pay Trump near what he wants. Legal experts say that any case of bribe would be a section in court. Trump has been dragging settlements from other companies on similar skips, and Paramount could pay attention to Trump $ 50 million less than litigation cost.
Therefore, there may be good reasons for the optimism of David Ellison, which will tarnish both a major film study and the Tiffany network.
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