00:01Paramount Sky Dan said Tuesday it has enhanced its hostile $30 per share all cash bid for Warner Brothers Discovery by adding a ticking fee and other financial protections while stopping short of raising the headline price. The ticking fee would pay WBD shareholders 25 cents a share per quarter after the end of 2026 if regulatory approval delays closing a provision worth roughly $650 million in cash each quarter. Paramount said the
00:29move signals confidence and regulatory approval and offer shareholders certainty and protection from market volatility. The company also pledged to cover WBD's $2.8 billion Netflix termination fee and eliminate up to $1.5 billion in potential debt refinancing costs tied to abandoning the Netflix deal.
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