Paramount Skydance Seeks Bond to Cover Merger Delays with Warner Bros. Discovery
Paramount Skydance Corporation (NASDAQ: PSKY) has filed reply briefs urging a district court to enforce the posting of a bond by plaintiffs in its ongoing lawsuit against the merger with Warner Bros. Discovery, Inc. (NASDAQ: WBD). The company claims it is ready to close the deal and has met all regulatory conditions except for these two lawsuits, which are now the only remaining obstacles. Paramount argues that if the injunction preventing closure ultimately fails, the plaintiffs should be financially responsible for damages estimated at up to $1.88 billion in ticking fees and financing costs. The company emphasized its willingness to delay closing while preserving legal rights but stressed it is not seeking removal of the no-close order—only enforcement of bond requirements under the Clayton Act and Rule 65. Paramount asserts that plaintiffs have acknowledged the potential for real financial harm without contesting these claims, calling their actions a last-minute attempt to avoid accountability. The merger has already secured regulatory clearances from jurisdictions representing over two-thirds of global markets, with final approval recently obtained from the European Commission.
Topics: corporate_law legal_proceedings mergers_and_acquisitions