California AG Nixes Paramount Bond, Calls Merger Delay a Do-Over
TL;DR
California Attorney General Rob Bonta’s office rejected Paramount’s bid for a $1.88 billion bond tied to delaying the Warner Bros. merger, calling the move a “do-over” and noting Paramount knew the deal would face regulatory review and ticking-fee penalties. With a March 2 trial set, Paramount seeks either the bond to cover delays or dissolution of the deal; a 12-state coalition and the Writers Guild oppose the merger on competition grounds, while Paramount argues the case lacks merit.
- California A.G. Rejects $1.88 Billion Paramount Bond, Says Company Wants a ‘Do-Over’ on Merger Delay variety.com
- Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay CNBC
- Paramount Asks States to Shoulder Costs of Delaying Warner Bros. Deal The New York Times
- Paramount Demands $1.8B From AGs For Costs Of Antitrust Suit Over WBD Merger Deadline
- David Ellison Has Gamed Out His California Exit puck.news
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