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

Paramount is seeking a $1.88 billion bond from state attorneys general involved in a lawsuit to block its merger with Warner Bros. The company aims to recover potential losses if the court eventually approves the deal, claiming states possess sufficient resources. However, the California A.G. rejected the request, asserting that Paramount is a sophisticated entity attempting a do-over regarding its agreement to delay the merger until an antitrust trial scheduled for next March.