Paramount Asks Federal Judge for Bond in Warner Bros. Merger Fight
Paramount says the bond would cover losses from a delayed closing, while states and the Writers Guild of America say the company caused its own harm.
- On Tuesday, Paramount Skydance Corporation demanded a $1.88 billion bond from California-led states and the Writers Guild of America to cover losses from lawsuits blocking the $111 billion Warner Bros. Discovery merger.
- California Attorney General Rob Bonta and the WGA filed antitrust lawsuits in July alleging the deal would reduce competition and raise prices, making these legal challenges the only remaining obstacles to closing.
- Starting October 1, Paramount faces a $7 million daily 'ticking fee' to Warner Bros. shareholders, which the studio argues constitutes substantial financial harm while the merger remains stalled until the March 2027 trial.
- Opposing the motion, Bonta stated Paramount 'now wishes to offload its responsibility' for the delay, arguing the studio voluntarily agreed to pause rather than wait for a court-issued injunction.
- U.S. District Judge Araceli Martinez-Olguin scheduled a September 24 hearing to consider Paramount's bond request, as the studio seeks to protect its financial interests while litigation remains pending.
15 Articles
15 Articles
Paramount Doubles Down on Demand for States and WGA Put Up $1.88 Billion As Warner Bros. Merger Battle Escalates
Paramount Skydance is doubling down on pressure against the coalition attempting to block its massive Warner Bros. Discovery merger, once more demanding that 12 states and the Writers Guild of America put up a staggering $1.88 billion bond if they intend to keep the deal from closing while their lawsuits play out. In new court […]
Paramount reiterates nearly $1.9 billion bond request over WBD merger delay
In a press release, Paramount filed court documents Tuesday supporting the request for the 12 state attorneys general and the Writers Guild of America (WGA) to post a bond to help cover their losses in response to the merger's delay.
Paramount Argues That the States Post a $1.88 Billion Bond to Cover Warner Bros. Bills
Courts have historically side-eyed issuing massive bonds in merger cases, particularly when the government challenges the deal. The states have stressed that Paramount proposed the term to win over shareholders.
Paramount Asks Federal Judge for Bond in Warner Bros. Merger Fight
Paramount Skydance Corporation Tuesday asked a federal judge to require state attorneys general and the Writers Guild of America to post a bond to cover potential losses stemming from lawsuits that have delayed the company’s proposed $110 billion acquisition of Warner Bros. Discovery. Paramount filed reply briefs Tuesday in support of its request, saying it […]
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