Lates News

Paramount Global on Monday filed a request with a U.S. judge, asking several states challenging its acquisition of Warner Bros. Discovery (WBD.O) to pay $1.88 billion in bond to cover costs incurred from the delay of the merger transaction. If this $110 billion merger deal is not completed by September 30, Paramount Global will incur a daily fee of $7 million. Paramount Global pointed out that the legal challenges from the states regarding the deal are expected to go to trial in March next year, and by the time the trial concludes and final legal arguments are submitted, the company will have already paid Warner Bros. Discovery shareholders $1.3 billion in unrecoverable "ticking fees."