Paramount seeks nearly $2B bond from state AGs…
Paramount Skydance on Monday requested a federal decide to require a dozen states difficult its acquisition of Warner Bros Discovery to post a $1.88 billion bond to handle the prices of delay in finishing a tie-up.
The company must pay a price of $7 million a day if the $110 billion merger doesn’t close by Sept. 30. Paramount famous the trial on the states legal problem is scheduled for March and by the time it concludes and ultimate legal briefs are submitted in April, it would have paid Warner Bros shareholders an unrecoverable $1.3 billion in “ticking…
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