Warner Bros. Discovery chief executive David Zaslav has sold a further $27.1 million of company shares while Paramount Skydance’s proposed acquisition of WBD remains delayed by an antitrust challenge. The sales bring his stock disposals since the deal was announced to about $200 million, highlighting the substantial personal financial stakes surrounding the merger.

The latest transactions covered 968,172 shares sold on 14 August through Fidelity, under a pre-arranged SEC Rule 10b5-1 trading plan adopted in March. Twelve state attorneys general are seeking to block the deal, with a trial set for March 2027; Paramount faces $7 million a day in payments to WBD shareholders from 1 October unless it closes or resolves the dispute. If the merger completes, Zaslav is due a golden-parachute payment of at least $550 million, despite shareholders voting against that package and his 2025 pay plan.