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Economy

Paramount asks for US$1.88 billion guarantee from US states that contest merger with Warner

Paramount Skydance asked a United States judge on Monday (17) to force 12 states trying to block its purchase from Warner Bros. Discovery to deposit a guarantee of US$1.88 billion (R$9.78 billion). The amount would serve to cover the costs...

By 365 Breaking News Editorial Team 1 min read
Paramount asks for US$1.88 billion guarantee from US states that contest merger with Warner
365 Summary

Send to g1 The company will have to pay US$7 million (R$36.41 million) per day if the operation, valued at US$110 billion (R$572.11 billion), is not completed by September 30th. Paramount said the trial of the lawsuit filed by the states is scheduled for March.

  • By the time the trial ends and the parties present their final arguments to the Court, the company estimates that it will have paid US$1.3 billion (R$6.76 billion) to Warner Bros.
  • Discovery in amounts related to the delay — amount that cannot be recovered.

Editorial reading aid based only on information contained in this story and its identified source.

Paramount Skydance asked a United States judge on Monday (17) to force 12 states trying to block its purchase from Warner Bros. Discovery to deposit a guarantee of US$1.88 billion (R$9.78 billion). The amount would serve to cover the costs caused by the delay in concluding the deal. ?? Do you have any reporting suggestions? Send to g1 The company will have to pay US$7 million (R$36.41 million) per day if the operation, valued at US$110 billion (R$572.11 billion), is not completed by September 30th. Paramount said the trial of the lawsuit filed by the states is scheduled for March. By the time the trial ends and the parties present their final arguments to the Court, the company estimates that it will have paid US$1.3 billion (R$6.76 billion) to Warner Bros. shareholders. Discovery in amounts related to the delay — amount that cannot be recovered. Illustrative photo shows logos of Paramount and Warner Bros Reuters