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Compounding CBS's troubles is its imminent sale to Sky Dan, a media company led by David Ellison. With CBS estimated to be worth around $6 billion, the looming lawsuit and the possibility of regulatory actions could jeopardize this acquisition. If the lawsuit's value exceeds CBS’s own valuation, potential buyers like Sky Dan may think twice before finalizing such a risky investment.
The sale would require government approval, and with ongoing legal issues and possible sanctions from the FCC, this once-smooth transaction now faces considerable hurdles. Ellison, who has previously produced blockbuster films such as Top Gun: Maverick, must weigh the benefits of acquiring CBS against the mounting risks posed by litigation and regulatory scrutiny.