Paramount CEO David Ellison, in a companywide memo, sought to project confidence that his $111 billion takeover of Warner Bros. Discovery will -- eventually -- cross the finish line.

Skydance-owned Paramount has agreed to delay closing its $81 billion buyout of Warner Bros. Discovery well into next year.

Paramount has agreed not to close its $111 billion merger with Warner Bros. until the outcome of an antitrust trial.