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Paramount Seeks $1.88 Billion Bond From 12 States in Merger Lawsuit

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Paramount Skydance (PSKY) on Monday asked a federal judge in Oakland, California, to require the 12 states suing to block the company's acquisition of Warner Bros. Discovery (WBD) to post a $1.88 billion bond by Sept. 30.

"If Plaintiffs are to impede a merger that was otherwise on track to close with worldwide regulatory approval, they are required to post a bond to ensure that, if Defendants ultimately prevail, Paramount is compensated for the damage inflicted by being wrongfully delayed," Paramount said, according to a court document.

Price: $10.16, Change: $+0.01, Percent Change: +0.15%

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Paramount Seeks $1.88 Billion Bond From 12 States in Merger Lawsuit | FINWIRES