David Ellison Says Paramount Is “Absolutely Open” To Settling WBD Antitrust Suit, But “We Will Win At Trial”

Paramount CEO David Ellison says he is “absolutely open” to settling an antitrust lawsuit against the company’s pending merger with Warner Bros Discovery but is also glad to proceed to a trial. “We are absolutely open to finding a solution out of court but believe we will win at trial,” Ellison said. The ticking fee is estimated to be about $650 million for each quarter the deal remains pending. The ticking fee, he noted, is “only payable when and if we close.” Paramount asked analysts to limit questions about the WBD deal.