Paramount seeks up to $1.9B bond to press states in Warner merger battle

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Source: Los Angeles Times
Paramount seeks up to $1.9B bond to press states in Warner merger battle
Photo: Los Angeles Times
TL;DR Summary

Paramount Skydance asks California AG Rob Bonta and 11 other states, plus the Writers Guild, to post a bond of up to about $1.9 billion to cover potential costs if their antitrust challenge to the Paramount-Warner Bros. Discovery merger delays closing, including ticking-fee obligations; the move aims to pressure regulators as the deal proceeds toward a court fight.

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