Paramount investors sue Ellisons over alleged Trump deal for merger approval

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A shareholder lawsuit has been filed against Oracle founder Larry Ellison and his son David Ellison over their acquisition of Paramount Global. The suit alleges the Ellisons offered private benefits to President Trump in exchange for regulatory approval of the merger. Among the alleged concessions was the firing of CNN anchors that Trump reportedly opposed. Paramount has firmly denied the allegations, dismissing them as recycled and unfounded claims. The company maintains that the merger's economic merits stand on their own and will ultimately benefit consumers.

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IndiaTimes of India ·

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