Paramount Seeks $1.88 Billion Bond from States and WGA Over Warner Bros. Merger Delay
Paramount reiterated in a court filing that 12 states and the Writers Guild of America must post a $1.88 billion bond to secure losses should its takeover of Warner Bros. Discovery not close before the trial ends next spring. The demand arises from antitrust lawsuits seeking to block the deal.
Paramount filed a court document reiterating its demand that 12 states and the Writers Guild of America post a $1.88 billion bond to secure losses the company would incur if its takeover of Warner Bros. Discovery does not close before the trial concludes next spring.
The request relates to antitrust suits brought by those plaintiffs to block the deal. Paramount says the bond should cover costs tied to a delayed closing.
The timing — the end of the trial next spring — is central to Paramount’s argument for the need for security.
The filing repeats a prior request; the source does not provide further details on the defendants’ response or any court ruling on the bond.
What we know
- Paramount again seeks a $1.88 billion bond from 12 states and the WGA.
- Bond is intended to cover losses if the Warner Bros. Discovery takeover does not close before the trial ends next spring.
- Demand arises from antitrust lawsuits filed to block the deal.
What is being verified
- The newsroom is checking the report that paramount again seeks a $1.88 billion bond from 12 states and the WGA.
- Reporting from Variety Film is being compared; a second independent confirmation is not yet available.
View sources1
COMMUNITY
Discussion
Sign in to join the discussion.
No comments yet. Start the discussion.