We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Paramount-WBD Deal Being Sued by a Coalition of 12 States
July 14, 2026
California and 11 other states have sued to block Paramount’s $110bn acquisition of Warner Bros. Discovery (WBD). They argue the deal would create a media titan that has the power to raise prices across film and television. The lawsuit, claims that the combined company would control 27% of the film distribution market, 30% of blockbuster film distribution, and 27% of the basic cable channel market. The states argued this would harm theaters, television distributors, consumers and workers. Paramount said that the lawsuit distorts settled antitrust law and misrepresents competition in the entertainment industry. It countered that the merger would enable it to produce more content after cutting $6bn in redundant infrastructure, marketing and corporate costs. The lawsuit comes despite the deal having cleared the USDOJ last month. Analysts note that delays could be costly for Paramount, which has committed to paying about $650mn in fees per quarter to WBD’s shareholders if the deal does not close before October. Paramount has also warned that prolonged uncertainty could force it to renegotiate financing or even collapse the transaction.
Paramount’s bonds traded stable with its 5.9% 2040s at 76.5, yielding 8.8%. WBD’s 5.05% 2042s traded at 65.5, yielding 9.3%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Sinopec Returns to the Dollar Bond Market for a Second Time in 2017
September 13, 2017
S&P Upgrades Yanlord by One Notch to ‘BB’
March 16, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.