2 sourcesHeat 4.9Updated 6h ago

Paramount Argues That the States Post a $1.88 Billion Bond to Cover Warner Bros. Bills

2 articles from The Hollywood Reporter, Variety.

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The Hollywood Reporter6h ago

Paramount Argues That the States Post a $1.88 Billion Bond to Cover Warner Bros. Bills

Courts have historically side-eyed issuing massive bonds in merger cases, particularly when the government challenges the deal. The states have stressed that Paramount proposed the term to win over shareholders.

Variety7h ago

Paramount Repeats Demand That States and WGA Post $1.88 Billion Bond Over Warner Bros. Merger Delay, After AGs Argue Company Is Trying to ‘Offload Its Responsibility’ for Ticking Fees

Paramount Skydance on Tuesday reiterated its demand in a court filing that 12 states and the WGA — whose antitrust lawsuits seek to block its takeover of Warner Bros. Discovery — post $1.88 billion in bond as security to cover for the losses Paramount would incur if the deal…