- Paramount Skydance asked a U.S. judge to require 12 states to post a $1.88 billion bond to cover delay costs in its $110 billion bid for Warner Bros.
- The deal carries hefty "ticking" fees (about $7 million/day); Paramount says delays already risk over $1 billion in unrecoverable costs, with the trial set for March and DOJ approval expiring Feb. 19.
- California and 11 other states — plus the Writers Guild — have sued and paused the takeover, arguing it would create a media behemoth, even though regulators in many countries have cleared the deal.
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