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Business

Of course Larry and David Ellison got their way

Business Insider ·
Of course Larry and David Ellison got their way

Larry Ellison, one of the richest men in the world, and his son David, wanted to buy Warner Bros.

Discovery.

A year later, they are getting it.

Eric Charbonneau/Getty Images for The Hollywood Reporter California Attorney General Rob Bonta has settled an antitrust suit that sought to stop Paramount from buying Warner Bros.

Discovery.

That suit gives Larry and David Ellison all but the final go-ahead to finalize the $110 billion deal they started pursuing a year ago.

The Ellisons had two key advantages when they started out: Nearly endless money, and a line to the Trump White House.

It's not a surprise that they got their way.

One of the world's richest men, and his son, wanted to buy one of the most prestigious assets in the media world.

Now they have gotten their wish.

That's the important part about Monday's news: Larry and David Ellion's Paramount has settled a lawsuit brought by California and several other states, which sought to hold up Paramount's planned acquisition of Warner Bros.

Discovery.

With that out of the way, there are no longer any serious regulatory challenges to the deal.

So the Ellisons can start finalizing their $111 billion acquisition in the very near future.

Read the full article on Business Insider ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.businessinsider.com — the content belongs to Business Insider.

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