Judge Delays Paramount's $1.88 Billion Bond Bid Until Sept. 24 as $7 Million Daily Fee Nears
Updated
Updated · Deadline · Aug 19
Judge Delays Paramount's $1.88 Billion Bond Bid Until Sept. 24 as $7 Million Daily Fee Nears
1 articles · Updated · Deadline · Aug 19
Summary
Sept. 24 is when Judge Araceli Martinez-Olguin will next address Paramount’s request for a $1.88 billion bond in the 12-state antitrust case over its planned merger with Warner Bros. Discovery.
Oct. 1 is the next pressure point: a $7 million-a-day fee to WBD shareholders begins then, part of potential merger-delay costs that Paramount says justify the bond request.
Last month, the judge’s temporary restraining order signaled skepticism about requiring any bond, saying the states were suing to enforce important public interests.
A Los Angeles County report released Wednesday added to the merger’s risks, estimating 15,567 overlapping corporate roles and 2,495 Los Angeles County jobs could be affected, with $547 million in tax revenue at stake.
March 2027 is when the antitrust trial is set, while the companies and state plaintiffs are still discussing settlement logistics and magistrate options for mediation.