David Ellison says Paramount hopes to close Warner Bros deal in two weeks
Paramount Skydance CEO David Ellison told staff on Monday that the company aims to finalize its merger with Warner Bros Discovery within approximately two weeks.
Staff memo outlines closing timeline
Ellison addressed employees in a Monday address regarding the status of negotiations. He stated that closing the deal is just the starting line for combining the two large companies. Bringing Paramount and WBD together will take significant time after the initial agreement.
Merger creates ParaBros power
The combined entity will wield greater power to provide jobs and increase content volume. This narrative marks a shift from earlier concerns that state attorneys general raised about anticompetitive effects. Ellison expressed excitement about the chance to entertain and inspire audiences everywhere through extraordinary stories.
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