3 Days
Source:
Los Angeles Times
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Paramount seeks $1.9B from states over Warner deal delays
Paramount is seeking a court order to require California Attorney General Rob Bonta and 11 other states, along with the Writers Guild of America, to post a bond covering up to $1.9 billion, due to delays in their $111-billion merger with Warner Bros. Discovery. The company claims legal challenges, including Bonta's antitrust lawsuit based on the Clayton Act, threaten to extend the merger process past the planned close, potentially incurring significant financial penalties. Paramount has also proposed moving its headquarters from Hollywood amid the ongoing legal disputes and concerns over delayed investment and industry uncertainty. A court hearing is scheduled to consider these requests.
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