Paramount pursues $2B bond over Warner Bros. deal

Paramount has requested a federal judge to require a dozen states challenging its acquisition of Warner Bros Discovery to post a $1.88 billion bond to cover potential delays and costs. The company faces $7 million in daily fees if the $110 billion merger does not close by September 30, due to ongoing legal challenges. The lawsuit, filed in Oakland federal court, threatens to delay the deal and impact Paramount CEO David Ellison’s goal of making the company a major rival to Netflix and Disney.

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