DOJ Backs Paramount's $1.88 Billion Bond Demand in Merger Dispute
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The U.S. Department of Justice (DOJ) has sided with Paramount in its demand that states challenging the merger with Warner Bros. Discovery post a $1.88 billion bond. The DOJ argues that states, like the federal government and FTC, must post a 'proper bond' when seeking a preliminary injunction. The bond would cover potential losses from blocking the merger. The DOJ's investigation concluded that the merger is unlikely to harm competition. The case is headed to trial in March 2027.
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