Paramount Skydance has filed reply briefs asking a court to enforce a bond that would cover the costs of delaying its merger with Warner Bros. Discovery, which the company says is ready to close but for two lawsuits. The lawsuits, brought by state attorneys general and the Writers Guild, are the only remaining barrier to closing, according to the filing. The company says all closing conditions have been satisfied, with clearances received from 69 jurisdictions.
The company says it agreed to hold off on closing so the case could be resolved quickly, while keeping its legal rights intact. In an Aug. 14, 2026 announcement, Paramount Skydance said it had met the regulatory conditions the merger agreement requires, citing clearances across almost 70 countries.
The company is not asking the court to lift the order preventing closing, but is seeking a bond under the Clayton Act and Rule 65. A Paramount spokesperson said: "If plaintiffs insist that this transaction is paused during the pendency of their lawsuit, they must accept the financial consequences if their challenge ultimately fails." The spokesperson added: "But for these lawsuits, the transaction is now otherwise ready to close, and the resulting costs of delay are substantial and quantifiable."
Paramount Skydance says it is confident the lawsuits are meritless. The announcement does not give a bond amount, a target closing date, or any detail on what the state attorneys general or the Writers Guild allege.
Paramount Skydance Corporation, which trades on NASDAQ as PSKY, describes itself as a "next-generation global media and entertainment company" with segments covering Studios, TV Media and Direct-to-Consumer. Its brands include Paramount Pictures, CBS, Paramount+, Nickelodeon and Pluto TV. Warner Bros. Discovery trades on NASDAQ as WBD.
