Paramount has upped its offer for Warner Bros. Discovery with a fee for shareholders and a promise to pay a $2.8 billion termination fee.
Per a filing Tuesday, Paramount will continue to offer $30 a share to acquire Warner Bros. Discovery, but will now add a $0.25 per share “ticking fee,” which it will pay to WBD shareholders for each quarter its transaction has not closed beyond December 31, 2026.
Additionally, the company said it will pay the $2.8 billion termination fee to Netflix, which is payable if the streamer’s bid for Warner Bros. Discovery does not go through. Paramount said it will also “offer solutions” for Warner Bros. financing costs and obligations.
More to come.