California A.G. Rejects $1.88 Billion Paramount Bond, Says Company Wants a ‘Do-Over’ on Merger Delay

By Gene Maddaus

Gene Maddaus

Senior Media Writer

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The California attorney general’s office fired back against Paramount’s request for a $1.88 billion bond on Monday, saying the company is seeking a “do-over” on its agreement to delay the Warner Bros. merger until an antitrust trial next March.

In a statement, the A.G.’s office argued that Paramount is a “sophisticated” company that knew it would face regulatory review when it agreed to pay Warner Bros. shareholders a $7 million-per-day ticking fee, and that California should not be made to bear the burden of that decision.

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