Paramount seeks $1.88 billion bond from state AGs over merger lawsuit
PSKY•Ticking fees and trial timing
The company must pay a fee of $7 million a day if the $110 billion merger does not close by Sept. 30. Paramount noted the trial on the states' legal challenge is scheduled for March and by the time it concludes and final legal briefs are submitted, it will have paid Warner Bros shareholders an unrecoverable $1.3 billion in "ticking fees."
Paramount asks judge to require bond from states
Aug. 17 (Reuters) - Paramount Skydance PSKY.O on Monday asked a U.S. judge to require a dozen states challenging its acquisition of Warner Bros Discovery WBD.O to post a $1.88 billion bond to address the costs of delay in completing a tie-up.
