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PSKY CEO says $110B deal with WBD may close in two weeks

Paramount Skydance CEO David Ellison reportedly told staff the company is tentatively planning to close its $110 billion purchase of Warner Bros. Discovery in about two weeks, citing settlement with 12 state attorneys general.

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Paramount Skydance (PSKY) CEO David Ellison reportedly told staff the company is tentatively planning to close its $110 billion purchase of Warner Bros. Discovery (WBD) in about two weeks. In a Monday memo obtained by Business Insider, Ellison said settlements with 12 state attorneys general were part of the process.