Larry Ellison sued by shareholders over involvement in Warner Bros. Discovery acquisition deal

AiCoin2026/07/16 14:37

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A shareholder has filed a lawsuit against Larry Ellison, David Ellison, and members of the Paramount Skydance Corp. board, seeking to block their $110 billion acquisition of Warner Bros. Discovery (WBD). The lawsuit alleges that Larry Ellison and David Ellison reached an illegal deal with U.S. President Trump, promising to provide unlawful personal benefits to remove federal regulatory obstacles, including firing CNN news anchors.

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