David Ellison To Attend Donald Trump’s State Of The Union Address

Paramount CEO David Ellison will be attending Donald Trump’s State of the Union address on Tuesday, hours after he received encouraging news over his bid for Warner Bros. Discovery . Per Sen. Lindsey Graham (R-SC), Ellison will be his guest. Ellison posed with the senator in his office, each of them giving Trump’s signature “thumbs up sign.” A Paramount spokesperson declined to comment. Earlier on Tuesday, Warner Bros. Discovery said that Paramount’s sweetened offer could reasonably be expected to lead to a so-called “Company Superior Proposal” as defined in WBD’s merger agreement with Netflix . Among other things, the new bid includes an increased purchase price of $31 a share in cash, plus a daily ticking fee of $0.25 per quarter beginning after September 30, 2026. It includes a $7 billion regulatory termination fee payable by Par if the transaction does not close due to regulatory roadblocks, payment by PSKY of the $2.8 billion termination fee that WBD would be required to pay to Netflix to terminate its existing Netflix deal. The WBD board has not yet determined whether the bid is a superior one to the Netflix deal, which remains in place. Watch on Deadline Must Read Stories Hide Articles ‘Scream 7’ To Carve Out $60M In Global Debut, 2nd-Best Start For Franchise Disney Comms Chief Kristina Schake Exiting As CEO Josh D’Amaro Takes Over Sony Classics Buys World Rights To Turturro’s ‘Only Living Pickpocket In New York’ ‘Baylen Out Loud’ Star Defends Tourette’s Activist; BBC Edited Second Slur; More Read More About: Comments Subscribe to Deadline Get our Breaking News Alerts and Keep your inbox happy. Sign Up No Comments Cancel reply Submit a comment Comments On Deadline Hollywood are monitored. So don't go off topic, don't impersonate anyone, and don't get your facts wrong. Comment Name Email Website Δ