Paramount asks states to post $1.9 billion bond
Paramount asked a judge to require the 12 state attorneys general and the Writers' Guild of America to post a $1.9 billion bond in the lawsuit blocking its acquisition of Warner Bros. Discovery. The company argues ticking fees in the merger deal make the acquisition costlier—about $7 million per day after September 30 and mounting financing fees—and that it will incur roughly $1.3 billion in unrecoverable losses by the time a judge rules. The judge previously waived a bond, and California's attorney general criticized Paramount for agreeing to the timing and fee terms.
Paramount seeks a bond to offset $7 million daily ticking fees.
Context
State attorneys general sued to block Paramount's acquisition of Warner Bros. Discovery. The court earlier issued a temporary restraining order and waived a bond. The judge could now rule on Paramount's new bond request before the March…
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