Paramount Demands Bond Over Warner Bros. Merger Delay
Paramount argued that California and the WGA should post a $1.88 billion bond to cover potential costs related to the delayed Warner Bros. Discovery merger. The studio insisted the states accept financial consequences if their legal challenge fails.
Source Diversity
Source Diversity
Moderate (29/100)Sources
Paramount Repeats Demand That States and WGA Post $1.88 Billion Bond Over Warner Bros. Merger Delay, After AGs Argue Company Is Trying to ‘Offload Its Responsibility’ for Ticking Fees
Paramount Skydance on Tuesday reiterated its demand in a court filing that 12 states and the WGA — whose antitrust lawsuits seek to block its takeover of Warner Bros. Discovery — post $1.88 billion in bond as security for the losses Paramount would incur if the deal doesn’t close until after the trial concludes next […]
By Todd Spangler
Read full article →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.
By Winston Cho
Read full article →Paramount Demands CA AG Bonta & WGA Strip Off Blinkers & Join Real World In $111B WBD Merger Battle: “Must Accept The Financial Consequences If Their Challenge Ultimately Fails”
Just weeks before Paramount Skydance starts being on the hook for the much vaulted $7 million a day ticking fee to Warner Bros Discovery shareholders, the David Ellison-run company today pushed hard once again for the Writers Guild of America plus California and 11 other states to pony up a nearly $2 billion bond in […]
By Dominic Patten
Read full article →
