Paramount finally is getting serious in its standoff with blue state attorneys general and the Writers Guild of America over the antitrust action aimed at shattering David Ellison’s $111 billion deal to meld Warner Bros Discovery with the home of The Godfather.
David Ellison’s Paramount Skydance asked the judge overseeing the antitrust lawsuits filed by 12 states and the WGA to force the plaintiffs to pony up a whopping $1.88 billion bond to cover the company’s losses related to the delay in its merger with Warner Bros. Discovery.
The David Ellison-led company says that the state AG plaintiffs are required to post the bond "so that if they lose, the injured party has a source of recovery for the damage caused."
Paramount Skydance asked a federal judge on Monday to require California, 11 other states, and the Writers Guild of America to post a $1.88 billion bond that would cover the company’s financial losses from its blocked merger with Warner Bros. Discovery.
By Brian Stelter, CNN (CNN) — Paramount wants the states that are suing over the Warner Bros. Discovery deal to post a $1.9 billion bond. The states are scoffing at the idea.The media company made the request in a motion on Monday, asserting that “this is a textbook case for requiring bond.
The California attorney general’s office fired back against Paramount’s request for a $1.88 billion bond on Monday, saying the company is seeking a “do-over” on its agreement to delay the Warner Bros. merger until an antitrust trial next March. In a statement, the A.G.
Paramount Skydance is demanding California and other US states suing to block its merger with Warner Bros. put up $1.9 billion to cover fees the company will have to pay if the deal gets delayed, according to a lawsuit filed Monday.
Paramount wants to require the posting of the bond so they can recover losses if a court approves the merger and said the states have “ample resources to post” even a large bond.
Paramount is asking a federal judge to require 12 state attorneys general and the Writers Guild of America to post a $1.88 billion bond over their challenge.
