( September 1, 2026, 10:57 GMT | Official Statement) -- MLex Summary: California's Attorney General and the Writers Guild of America have filed an opposition to Paramount's motion to require a $1.88 billion bond in the antitrust case aimed at blocking Paramount's acquisition of Warner Bros. Discovery. "Defendant Paramount Skydance seeks to extract $1.88 billion from the public and a nonprofit labor union to underwrite the costs of two private contracts it entered willfully, with advice of counsel, and for its own benefit," the court filing said. "The first is the merger agreement, in which Paramount chose to pay Warner Bros. Discovery shareholders a ticking fee as part of the consideration for Defendants’ proposed merger. The second is the stipulation to voluntarily refrain from closing the merger, which Paramount itself proposed, negotiated, and then presented to this Court for signature."See file attachment. ...
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