Paramount has enhanced its offer for Warner Bros. Discovery with a $0.25 per share so called “ticking fee” payable to WBD shareholders for each quarter its transaction has not closed beyond December 31, 2026,.
The move, it says, underscores “Paramount’s confidence in the speed and certainty of regulatory approval for its transaction.”
Paramount will also fund $2.8 billion termination fee payable to Netflix and offers solutions to WBD’s debt financing costs and obligations, the company said today.
More to come