US DoJ Backs Paramount Bond Demand in Antitrust Fight
The US Justice Department urged a federal court to require states seeking to block Paramount and Warner Bros Discovery to post a bond for delay costs. Twelve states and the Writers Guild are challenging the 110 billion dollar merger.
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The United States Justice Department backed a bond demand on Tuesday afternoon regarding Paramount Skydance Class B's $110 billion acquisition of Warner Bros Discovery amid state antitrust challenges. The filing sets up a high-stakes financial hurdle for plaintiffs attempting to delay the massive media merger. A coalition of 12 states argues the transaction creates a dominant entertainment titan.
