California A.G. Rejects $1.88 Billion Paramount Bond, Says Company Wants a ‘Do-Over’ on Merger Delay

Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay

Paramount agreed to delay its proposed acquisition of WBD to as late as June 2027 while the state AGs' case heads to trial.

California A.G. Rejects $1.88 Billion Paramount Bond, Says Company Wants a ‘Do-Over’ on Merger Delay

The California attorney general’s office fired back against Paramount’s request for a $1.88 billion bond on Monday, saying the company is seeking a “do-over” on its agreement to delay the Warner Bros. merger until an antitrust trial next March. In a statement, the A.G.’s office argued that Paramount is a “sophisticated” company that knew it […]

Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger

Paramount Asks States to Shoulder Costs of Delaying Warner Bros. Deal

Paramount’s $111 billion deal to acquire Warner Bros. Discovery has been postponed until the conclusion of a trial, a delay the studio says could cost it millions of dollars.

David Ellison's Paramount wants its WBD merger challengers to put up nearly $1.9 billion

Paramount Skydance CEO David Ellison wants California Attorney General Rob Bonta's state and its counterparts to post a bond to cover the merger delay costs. Angela Weiss/AFP via Getty Images; Mel Melcon / Los Angeles Times via Getty Images Paramount Skydance wants the states and writers suing to stop its WBD deal to post a nearly $1.9 billion bond. David Ellison's company will owe about $7 million per day that the deal doesn't close, starting October 1. An entertainment lawyer said it's "very unlikely" that a judge will agree with Paramount's argument. David Ellison wants those challenging...

Prediction market traders see roughly 1-in-4 odds Paramount’s bid to buy Warner Bros. Discovery fails

The odds are higher than they were before 12 states sued to block the merger, but lower than after Paramount delayed the acquisition in late July.