finance.yahoo.com

Paramount Seeks Settlement With 12 States and $1.88B Merger Bond

Paramount Skydance logoParamount Skydance
Sig4.78Sen+0.60Env0.00Soc0.00Gov-0.78
Warner Bros. Discovery logoWarner Bros. Discovery
Sig2.24Sen+0.41Env0.00Soc0.00Gov-0.11

Paramount Skydance said it is seeking settlement with 12 states still trying to block its $110 billion merger with Warner Bros. The company also asked the states to post an $1.88 billion bond to cover potential losses from delays. Missing the Sept. 30 close would start a roughly $650 million quarterly ticking fee that benefits Warner Bros. Discovery shareholders, potentially pushing costs above $1.9 billion.

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