David Zaslav Moves to Offload $59M in Warner Bros. Shares
WHO:
Deadline - David Zaslav is the CEO of Warner Bros. Discovery.
WHAT:
CNN - A coalition of 12 state attorneys general has filed an antitrust lawsuit against Paramount's takeover of Warner Bros. Discovery, calling the suit “wrong on both the facts and the law.”
CNN - The states are seeking a temporary restraining order (TRO) and a preliminary injunction to freeze Paramount's merger with Warner Bros. Discovery.
CNN - The European Commission has set a July 22 deadline for a decision regarding the merger.
CNN - The states argue that the merger would cause “irreparable harm” and that the proposed merger should be paused through September at the earliest, likely through the end of the year.
Coming Soon - The merger between Warner Bros. Discovery and Paramount Skydance was confirmed in February 2026.
Deadline - Zaslav is selling approximately $59.5 million in Warner Bros. Discovery stock.
Variety - Zaslav filed to sell about 2.18 million shares of Warner Bros. Discovery stock, valued at $59.47 million.
WHERE:
Deadline - The stock sale pertains to Warner Bros. Discovery, a company involved in the media and entertainment industry.
WHEN:
Deadline - The sale was revealed in an SEC filing on a Monday.
Variety - Zaslav is set to depart from Warner Bros. Discovery in the coming months.
WHY:
Deadline - The stock sale is part of Zaslav's move to cash in on the company's stock rebound.
HOW:
CNN - The case has been assigned to Judge P. Casey Pitts, who was appointed in 2023 and has previously made notable rulings in other cases.
Deadline - The sale was disclosed through an SEC filing.
(UPDATED July 14, 2026 20:20 UTC)
A coalition of 12 state attorneys general has filed an antitrust lawsuit against Paramount's takeover of Warner Bros. Discovery, claiming the suit is “wrong on both the facts and the law.” The states are seeking a temporary restraining order and a preliminary injunction to freeze the merger, arguing that it would cause “irreparable harm” and should be paused through September at the earliest, likely extending to the end of the year. Meanwhile, the European Commission has set a deadline of July 22 for a decision regarding the merger, and the case has been assigned to Judge P. Casey Pitts, who has a history of notable rulings in similar cases.
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(UPDATED July 14, 2026 12:24 UTC)
The merger between Warner Bros. Discovery and Paramount Skydance has been officially confirmed, marking a significant development in the entertainment industry. This announcement comes after months of speculation, with the deal first being revealed back in February 2026. Fans and industry insiders alike are eager to see how this merger will shape the future of film and television.
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(UPDATED July 14, 2026 01:27 UTC)
David Zaslav, the CEO of Warner Bros. Discovery, is selling approximately $59.5 million worth of stock in the company, having filed to sell about 2.18 million shares. This move comes as part of Zaslav's strategy to capitalize on the company's stock rebound, and he is set to depart from Warner Bros. Discovery in the coming months. The details of the stock sale were disclosed through an SEC filing made on a Monday.