Paramount seeks $1.88B bond to cover delay costs in Warner Bros. deal challenge
TL;DR
Paramount asked a federal court to require a $1.88 billion bond from states suing to block its Warner Bros. Discovery merger to cover delay costs if the deal misses its Sept. 30 close; ticking fees total about $1.7B plus about $190M in incremental financing costs, and Paramount argues the states can post the bond while the challenge plays out, with the DOJ approval expiry approaching and a March trial slated.
Topics:top-newsbusiness#bond#business#mergers-acquisitions#paramount#ticking-fees#warner-bros-discovery
- Paramount seeks nearly $2B bond from state AGs suing to block Warner Bros. deal nypost.com
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger cnn.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
Want the full story? Read the original reporting
Read on nypost.com