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David Ellison reaches a deal to proceed with Warner Bros. acquisition

The agreement comes after months of legal and political disputes tied to a proposed $111 billion acquisition of Warner Bros. Discovery.

Reported · Written up by our desk · M&A & Deals

The New York Times Business reports that media mogul David Ellison has arrived at a deal with a coalition of states that had been seeking to block his acquisition of Warner Bros. Discovery.

The proposed purchase is valued at $111 billion, and the latest agreement ends months of legal and political wrangling over whether the deal could move forward.

Ellison’s arrival at a resolution with the states suggests the transaction can proceed despite the earlier challenges raised by the coalition.

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