- Paramount Skydance said it wants to settle with the 12 states still seeking to block its acquisition of Warner Bros. Discovery and separately requested a $1.88 billion bond for delay-related losses.
- The merger has received approval in 68 countries and from the US Justice Department, but the state lawsuit remains the main outstanding obstacle.
- Iowa Attorney General Brenna Bird said Iowa is taking California to the Supreme Court over the states’ effort to block the transaction; Montana also joined the action.
- Paramount faces a ticking fee of about $650 million per quarter if the deal remains unclosed after September 30, increasing the financial cost of prolonged litigation.
Quotes
“confident that the law and the facts are on our side”
“harm without benefit to their own constituents”
“bring suit to enforce important public interests”