Paramount Requests States and WGA Be Required to Post $1.9 Billion Bond to Cover Financial Losses While Warner Bros. Merger Is Stuck on Hold Pending Trial
David Ellison’s Paramount Skydance asked the judge overseeing the antitrust lawsuits filed by 12 states and the WGA to force the plaintiffs to pony up a whopping $1.88 billion bond to cover the company’s losses related to the delay in its merger with Warner Bros. Discovery. Paramount filed the motion Monday with Judge Araceli Martinez-Olguin, […]
Paramount has requested that the states and the Writers' Guild of America post a $1.88 billion bond to cover the company's losses due to the delay in its merger with Warner Bros. Discovery. The delay is a result of antitrust lawsuits filed by 12 state attorneys general and the WGA.
The merger, valued at $110 billion, is currently stuck in legal limbo pending a trial set to start on March 2, 2027, and end on March 19, 2027. As per Variety and TheWrap, Paramount agreed to delay the closing of the deal until as late as June 2027.
Paramount estimates it will have to pay WBD shareholders at least $1.3 billion in ticking fees by the time the trial concludes. The company also notes that the delay threatens to nullify regulatory approvals it has secured, according to TheWrap.
Brief written by urgent.news from Variety, CNBC World, TheWrap — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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