Skydance Media David Ellison’s chief has been hitting an optimistic tone in his attempt to buy Shari Redstone’s primary, money has learned.
The quiet belief of the film that blooms mogul for the media interiors in recent days may seem a little strange to regular money readers. We have been chronicling how the $ 8 billion agreement faces considerable head from the Trump administration regulatory apparatus, and the legal team of the President.
However, not according to Ellison. In fact, the son of the founder of billionaire Oracle Larry Ellison has told people on TV and the films circle in Los Angeles that he believes the deal will pass before the end of the summer-before its dead date in October, when both sides must leave if the deal has not ended, according to two direct knowledge sources.
It is unclear why Ellison – whose independent studio has produced hits like “Top Gun: Maverick” and the latest sequels “Mission: Impossible” is so optimistic because many of the news surrounding the transaction have been everything, but encouraging.
Trump’s regulators are stagnating their compulsory approval as they investigate whether the CBS paramount news subsidiary violated the Federal Communication Commission guidelines that its content must be without political prejudice; Conservatives have complained about the CBS left-wing prejudice for years-a fee that the network has strongly denied.
Trump has also filed a $ 20 billion lawsuit against CBS at the Texas Federal Court, accusing the “60 minutes” network of violating a vague state business law in a case involving his controversial Harris interview during the 2024 presidential elections. Paramount believes that the regulatory approval of the agreement depends on a solution.
However, as in previously reported money, the Redstone management team and the board are worried about being hit on bribe fees if the payment is seen as a Quid-Proro-Qo to obtain the deal. That’s because their boss, Redstone, would receive a $ 2 billion payment after the union is over.
But maybe Ellison knows something we don’t know. Both parties in the lawsuit have recently conducted discussions about resolution, they have learned about money. They have discussed a $ 35m payment to end the lawsuit, a cries away from the $ 20 billion title number and lower than $ 50 million Trump initially demanded.
As in the money they reported, a possible solution has been discussed where CBS run millions of dollars in public service advertising for the causes of the president’s consent, such as fighting anti -Semitism, and making a lower cash payment.
Sources say the broker has warmed up with the idea of PSA and a smaller monetary payment than what Trump has demanded. But it is unclear whether Trump will agree with those conditions.
“President Trump is committed to keeping those who trafficked on fake news, fraud and lies on the account,” Trump’s lawyer Ed Paltzik said on Wednesday.
“CBS and Paramount aimed at the president in an effort to harm his reputation while carrying out the worst type of intervention and fraud in elections in the days of closing the most important presidential elections in history. President Trump will pursue this life issue for his right and fair conclusion.”
A paramount spokesman had no comment. David Ellison’s spokeswoman refused to comment.
Trump recently appreciated Oracle Stevia as someone who will be excellent great, and will change the culture to CBS, or as Trump said (in his usual underestimated way): “They are all resting” when ownership changes.
David Ellison’s father, Larry Ellison, is supplying the money (some of his $ 250 billion in net worth) for the Paramount union, and as reported, he has an open line for the White House given his relationship with the president.
Media industry insights say there may be a scenario where the agreement is approved before the lawsuit is resolved. Ellison could then write Trump control after taking over in Paramount.
Or maybe Paramount is ready to bite the lead only and pay Trump close to what he wants. Legal experts say that any case of bribery would be an extension to court. Trump has been destroying settlements from other companies over similar quarrels, and Paramount can make Trump’s $ 50 million paying even the cost of litigation.
So there may be good reasons for David Ellison’s optimism that he will accommodate a large film studio and Tiffany network.
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