David Ellison's $111B Paramount Deal Places CNN Under Trump Allies

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David Ellison reached a $111B deal for Paramount to acquire Warner Bros. Discovery after Netflix withdrew from the bidding process.The agreement combines HBO Max and Paramount+ into a single streaming service while placing CNN under the control of Donald Trump allies.Backed by $24B from Middle Eastern sovereign wealth funds and Jared Kushner, the deal faces intense scrutiny from the DOJ and California.Executives confirmed there are no plans to divest cable assets like TNT and TBS despite the massive $79B debt load of the new company.
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#SaudiArabia#Slovakia#Germany#DavidEllison#CNN#LarryEllison#HBO#DonaldTrump#Paramount+#JaredKushner#DOJ#MarkThompson#WarnerBrosDiscovery#BariWeiss#TNT#JonStewart#TBS#TedSarandos#DavidZaslav#DanielleCarney
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