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Paramount Requests $1.88B Bond From State AGs Trying to Stop Paramount Merger
- Paramount is requesting a $1.88 billion bond from 12 Democratic state attorneys general who are suing to stop the Paramount Skydance-Warner Bros. Discovery merger.
- Ashley Baker, Executive Director of the Committee for Justice, criticized the bond request as politically motivated and irresponsible, specifically under Attorney General Rob Bonta.
- California Attorney General Rob Bonta leads the coalition of 12 state attorneys general and the Writers Guild of America in the antitrust lawsuit opposing the merger.
- Paramount stated that plaintiffs must accept financial consequences if their challenge fails, and Bonta's office said the bond request lacks merit and looks forward to the court hearing on September 24.
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Paramount requests $1.88B bond from state AGs trying to stop Paramount merger
(The Center Square) – In response to a lawsuit from 12 Democratic state attorneys general attempting to stop the Paramount Skydance-Warner Bros. Discovery merger, Paramount is requesting a $1.88 billion bond from the coalition of state officials.
Paramount seeks up to $1.88 billion protection amid Warner Bros. Discovery merger challenge
Paramount Skydance Corporation has filed reply briefs in support of its request for the district court to require the State Attorneys General and the Writers Guild of America to post a bond in connection with their lawsuits seeking to block its proposed merger with Warner Bros. Discovery, Inc. According to the company, all closing conditions under the merger agreement have been satisfied, with regulatory clearances received from authorities repr…
Coverage Details
Total News Sources28
Leaning Left3Leaning Right5Center13Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
14%
C 62%
R 24%
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