Billion-Dollar Merger Delayed Because Paying $7 Million a Day Is 'Annoying'
KEY POINTS
- â˘Paramount Skydance agreed last week to postpone its Warner Bros. Discovery acquisition until June 2027 amid ongoing lawsuits.
- â˘The delay incurs a $7 million daily ticking fee, potentially adding $1.3 billion to the original $110 billion price.
- â˘Despite the lawsuit from 12 states claiming antitrust violations, Paramount executives remain confident in winning the trial.
David Ellison, the Paramount Skydance CEO with no money problems (thanks, dad Larry Ellison), agreed to delay a $110 billion acquisition of Warner Bros. Discovery until June 2027. This 'budget pause' costs $7 million a dayâ$650 million each quarterâwhich Ellison calls 'very severe harm,' because who doesnât get annoyed by accidentally forking over nearly $2 billion in ticking fees? Meanwhile, 12 states sued to break up the party, calling the deal anti-competitive. Paramount plans micro dramas and AI gimmicks to keep busy until they can legally merge their empire, proving even billionaires have to play by antitrust rulesâor at least pretend to.
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(1 of 3)When spending $110 billion, $7 million a day feels like pocket changeâand a minor headache. Hollywood's richest just turned delay fees into casual chump change.
Only in Hollywood can delaying a deal cost $1.3 billion and still feel like a bargain basement sale.
Paramountâs reading âevery dollar countsâ like an optional motto, especially when your âevery dollarâ is a trillion bucks.
Source: Businessinsider | Published: 7/27/2026 | Author: James Faris
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