Paramount demands $1.9 billion to cover fees over states' merger lawsuit

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 seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay

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

David Ellison's Paramount wants its WBD merger challengers to put up nearly $1.9 billion

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 post a nearly $1.9 billion bond. David Ellison's company will owe about $7 million per day that the deal doesn't close, starting October 1. An entertainment lawyer said it's "ve...

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

California A.G. Rejects $1.88 Billion Paramount Bond, Says Company Wants a ‘Do-Over’ on Merger Delay

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” company that knew it […]

By Gmaddaus

Paramount Skydance seeks $1.88B bond from plaintiffs blocking Warner merger