Business
Paramount seeks $1.9 billion bond for merger with Warner Bros
The merger of Paramount with Warner Bros is contested by U.S. states and a union, leading to a trial in March 2027.
Paramount has filed for a $1.9 billion bond with the twelve U.S. states opposing its merger with Warner Bros. This move comes as Democratic states and the writers' union challenge the acquisition by David Ellison's group of its competitor.
Currently, the merger between the two Hollywood studios is on hold pending a trial scheduled for March 2027. This situation is blocking the integration process between the two companies.
The states in question, which include several officials from the federal opposition, have expressed their concerns regarding the merger, citing risks to competition and diversity in the entertainment sector.
It has also been reported that the Ellison family, owners of Paramount Skydance, has ties to Donald Trump, although this point is not directly related to the bond request.
The situation remains complex and could evolve depending on the court's decisions during the anticipated trial in 2027.