David Ellison’s Paramount would owe more than $1 billion to WBD shareholders based on the March trial date a judge set

Gabe Ginsberg/Getty ImagesParamount Skydance’s financial backers may soon owe billions to WBD shareholders. There are 169 days between October 1 and March 19, which is when Paramount’s trial is scheduled to end. That implies Paramount would owe WBD shareholders about $1.18 billion, unless the company reaches a settlement with the 12 states suing to block its deal. If Paramount doesn’t complete its merger with WBD, it would owe WBD a $7 billion termination fee under the agreement. Read the original article on Business InsiderThe post David Ellison’s Paramount would owe more than $1 billion to WBD shareholders based on the March trial date a judge set appeared first on Business Insider.