David and Larry Ellison Sued by Paramount Investor Alleging ‘Illegal’ Side Deal With Donald Trump to Secure U.S. Approval for Warner Bros. Takeover

By Todd Spangler

Todd Spangler

NY Digital Editor

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Paramount Skydance chief David Ellison and his tech billionaire dad Larry Ellison have been sued by a Paramount shareholder who alleged they cut an “illegal” deal with President Donald Trump to secure U.S. governmental approval for the takeover of Warner Bros. Discovery.

The shareholder lawsuit, filed Tuesday in Delaware Chancery Court, seeks to block Paramount’s $111 billion merger with WBD and also seeks unspecified monetary damages. According to the suit, the Ellisons allegedly promised “illegal private benefits to President Trump in order to remove federal regulatory barriers.”

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