Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount says the bond would cover $7 million in daily ticking fees and other delay costs if it wins the antitrust case.
- On Monday, Paramount Skydance filed a motion demanding that plaintiff states and the Writers Guild of America post a nearly $1.9 billion bond to cover costs from the ongoing merger delay.
- Led by California Attorney General Rob Bonta, 12 states and the Writers Guild of America sued in July to block the $111 billion merger, which has already received regulatory clearances from 68 jurisdictions worldwide.
- Paramount cited the Clayton Antitrust Act to justify requiring security for 'ticking fees' starting October 1, which could exceed $1.2 billion by the March 2, 2027 trial conclusion.
- U.S. District Judge Araceli Martinez-Olguin will consider the request during a Wednesday hearing, as the filing functions as part of Paramount's pressure campaign against the plaintiffs.
- Unless plaintiffs provide security by September 30, 2026, Paramount seeks to dissolve the order blocking the acquisition, aiming to clear the final legal hurdle for the $111 billion transaction.
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67 Articles
The media giant has registered a petition before a California court before the "substantial costs" that has led to the judicial halting of the operation. The trial was initiated by 12 states and the Hollywood Writers' UnionParamount agrees to postpone Warner's purchase while a judge assesses the challenge of 12 Democratic states Paramount Skydance demanded on Monday a $1.9 billion bail (about €1.641 million) from the U.S. plaintiffs to compensat…
David Ellison's group demands a colossal financial guarantee from US states contesting its merger with Warner Bros to cover losses related to legal proceedings Studios
Paramount seeks $1.88 billion bond from US state AGs over merger lawsuit
Paramount Skydance requested a bond from states challenging its Warner Bros Discovery merger. The company faces significant daily fees if the deal does not close by September 30. Legal challenges threaten the $110 billion acquisition, which requires regulatory approval. California and eleven states argue the merger would create a media monopoly. Paramount seeks to recover potential losses from the ongoing legal proceedings.
Paramount Asks Judge to Order States to Post $1.9 Billion Bond for Trial Delay
Paramount Skydance petitioned the court on Aug. 17 to order states to post a $1.88 billion bond to cover costs from potential merger delays caused by their lawsuit seeking to block the merger with Warner Bros. The motion also asked the judge to consider abandoning her order to stop the merger if the plaintiffs, which include 12 states and labor union Writers Guild of America West, can’t post the bond by Sept. 30. Paramount’s deal to buy Warner B…
BT
The merger between Paramount and Warner Bros. has been put on hold. Paramount wants guarantees from states.
Paramount demands $1.9 billion pledge from 12 states through lawsuit against merger with Warner Bros. Paramount Skydance Corp. demands $1.88 billion pledge from 12 states due to antitrust lawsuit against merger with Warner The Bros. It's Discovery. The trial of the case is scheduled for March.
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