Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay
Paramount says the bond would cover $7 million in daily ticking fees and other delay costs if it wins the antitrust case.
- On Monday, Paramount Skydance filed a motion demanding that plaintiff states and the Writers Guild of America post a nearly $1.9 billion bond to cover costs from the ongoing merger delay.
- Led by California Attorney General Rob Bonta, 12 states and the Writers Guild of America sued in July to block the $111 billion merger, which has already received regulatory clearances from 68 jurisdictions worldwide.
- Paramount cited the Clayton Antitrust Act to justify requiring security for 'ticking fees' starting October 1, which could exceed $1.2 billion by the March 2, 2027 trial conclusion.
- U.S. District Judge Araceli Martinez-Olguin will consider the request during a Wednesday hearing, as the filing functions as part of Paramount's pressure campaign against the plaintiffs.
- Unless plaintiffs provide security by September 30, 2026, Paramount seeks to dissolve the order blocking the acquisition, aiming to clear the final legal hurdle for the $111 billion transaction.
84 Articles
84 Articles
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = Paramount Skydance, facing setbacks in a massive merger and acquisition (M&A) due to lawsuits filed by U.S. state governments...
Paramount has won in recent months against Netflix, putting 111 billion dollars on the table to acquire Warner Bros. But this marriage between two of the five largest film distributors displeases a large part of Hollywood. The operation is currently being challenged in court by 12...
Paramount to States Blocking Merger: Pay $1.88B
Paramount doesn't just want to merge with Warner Bros. Discovery—it wants its legal opponents to pay for slowing it down. The studio has asked a federal judge to require 12 states and the Writers Guild of America, which are suing to block the merger on antitrust grounds, to post...
Will Paramount leave Hollywood to save the Warner Bros. merger?
Could Tennessee become America’s movie capital? That scenario is on the table. Paramount chief David Ellison is threatening to move the studio’s headquarters out of California, a bid to force the state and its partners to end their lawsuit challenging Paramount’s planned merger with Warner Bros. Discovery. What did the commentators say?The vow to abandon Hollywood is “obvious brinksmanship” but also “not that far-fetched,” said The Hollywood Rep…
Paramount presented this petition this week to the judge in charge of the case, Araceli Martínez-Olguín, who set the start of the trial for March 2027.
The media giant has registered a petition before a California court before the "substantial costs" that has led to the judicial halting of the operation. The trial was initiated by 12 states and the Hollywood Writers' UnionParamount agrees to postpone Warner's purchase while a judge assesses the challenge of 12 Democratic states Paramount Skydance demanded on Monday a $1.9 billion bail (about €1.641 million) from the U.S. plaintiffs to compensat…
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