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.
In the newly filed court motion, Paramount argued the plaintiffs should post the bond because it is incurring at least $1.3 billion in losses due to the trial, which won’t start until March 2027. The $1.88 billion bond will be paid to Paramount should it win the antitrust case.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.