Paramount Skydance on Tuesday sent a sweetened version of its $30 per share all-cash offer to Warner Bros. Discovery’s board as its battle to topple Netflix’s acquisition deal heats up.
The revised offer includes a $0.25 per share “ticking fee” for WBD shareholders for each quarter the $78 billion transaction has not closed beyond Dec. 31, 2026, as well as an agreement to pay the $2.8 billion breakup fee to Netflix.
In a letter to WBD’s board, Paramount also pledged to fully reimburse a potential $1.5 billion in debt refinancing, if incurred.
“The additional benefits of our superior $30 per share, all-cash offer clearly underscore our strong and unwavering commitment to delivering the full value WBD shareholders deserve for their investment,” Paramount Skydance CEO David Ellison said Tuesday.
“We are making meaningful enhancements – backing this offer with billions of dollars, providing shareholders with certainty in value, a clear regulatory path, and protection against market volatility.”
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