Paramount seeks $1.88 billion bond from state AGs over merger lawsuit

Paramount seeks $1.88 billion bond from state AGs over merger lawsuit  Reuters

Following its merger with Warner Bros., Paramount is demanding that California and other US states suing to block the merger put up the funds to cover fees the company must pay if the deal is delayed.

Following its merger with Warner Bros., Paramount is demanding that California and other US states suing to block the merger put up the funds to cover fees the company must pay if the deal is delayed.

Paramount wants to require the posting of the bond so they can recover losses if a court approves the merger and said the states have “ample resources to post” even a large bond.

Paramount Skydance is demanding California and other US states suing to block its merger with Warner Bros. put up $1.9 billion to cover fees the company will have to pay if the deal gets delayed, according to a lawsuit filed Monday.

The California attorney general’s office fired back against Paramount’s request for a $1.88 billion bond on Monday, saying the company is seeking a “do-over” on its agreement to delay the Warner Bros. merger until an antitrust trial next March. In a statement, the A.G.’s office argued that Paramount is a “sophisticated

Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger  CNN

Paramount Skydance asked a federal judge on Monday to require California, 11 other states, and the Writers Guild of America to post a $1.88 billion bond that would cover the company’s financial losses from its blocked merger with Warner Bros. Discovery. In the newly filed court motion, Paramount argued the plaintiffs s

Paramount Skydance CEO David Ellison wants California Attorney General Rob Bonta's state and its counterparts to post a bond to cover the merger delay costs. Angela Weiss/AFP via Getty Images; Mel Melcon / Los Angeles Times via Getty Images Paramount Skydance wants the states and writers suing to stop its WBD deal to

Paramount Wants $1.88 Billion Bond From States, Writers Challenging Warner Deal  WSJ

The David Ellison-led company says that the state AG plaintiffs are required to post the bond "so that if they lose, the injured party has a source of recovery for the damage caused."

Paramount agreed to delay its proposed acquisition of WBD to as late as June 2027 while the state AGs' case heads to trial.

Paramount finally is getting serious in its standoff with blue state attorneys general and the Writers Guild of America over the antitrust action aimed at shattering David Ellison’s $111 billion deal to meld Warner Bros Discovery with the home of The Godfather. In the deepest sense of an offer they can’t refuse, make t