Paramount Skydance Corporation has offered to settle with 12 states that are still trying to block its $110 billion merger with Warner Bros. Discovery, and separately demanded those states post a $1.88 billion bond to cover potential losses from further delay. The merger has already won approval in 68 countries and from the US Justice Department, leaving the state lawsuit, led by California's attorney general Rob Bonta, as the last major hurdle. Paramount argues the states are inflicting harm without benefit to their constituents, while CEO David Ellison expressed confidence in the legal merits. The delay carries significant costs, including a ticking fee of about $650 million per quarter to Warner Bros. Discovery shareholders if the deal isn't closed by September 30, which could exceed $1.9 billion if the fight drags into June 2027. A federal judge previously blocked the merger temporarily in June and declined to require the states to post a bond, citing their role in enforcing important public interests.
Paramount Skydance Corporation Class B Common StockParamount Skydance offers to settle with 12 states and demands a $1.88B bond to clear the last regulatory hurdle blocking its $110B Warner Bros. Discovery merger.
Warner Bros Discovery IncWarner Bros. Discovery stands to receive a ticking fee of about $650M per quarter if the merger doesn't close by September 30, and the deal's approval advances as Paramount seeks settlement.
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