Paramount requires state attorneys general to provide a $1.88 billion bond to cover the costs associated with the delay of the merger with Warner Bros. Discovery.
Paramount Global stated in court documents for an antitrust case submitted on Monday that it will seek to compel the states that are obstructing its merger deal with Warner Bros. Discovery to compensate for the costs and losses incurred due to the delay of the merger. Paramount is requesting a $1.88 billion bond from the states initiating the lawsuit. In July, a lawsuit was filed by the attorneys general of 12 states, led by California Attorney General Rob Bonta, opposing the $110 billion merger deal. Paramount has already received merger approval from the U.S. Department of Justice's Antitrust Division as well as all other necessary jurisdictions globally. However, last month, due to the lawsuit filed by the state attorneys general going to trial, Paramount agreed to postpone the completion of the acquisition deal until at least June 2027. Paramount originally planned to finalize the deal by the end of September, and the delay will incur significant costs for the company.
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