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Paramount Sweetens Cash Bid for Warner Bros. Discovery

Paramount pledged cash backing and guarantees to address concerns over breakup fees and refinancing risks.
Paramount Sweetens Cash Bid for Warner Bros. Discovery
Paramount's headquarters at the Paramount Pictures studio in Los Angeles on April 15, 2020. Valeria Macon/AFP via Getty Images
Evgenia Filimianova
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Paramount has raised the stakes in its takeover battle for Warner Bros. Discovery (WBD), enhancing its $30 per share all-cash tender offer and urging the target’s board to reconsider a rival deal with Netflix.

Paramount said in a Feb. 10 statement that it amended its existing offer to include a quarterly “ticking fee” of 25 cents per share beginning Jan. 1, 2027, if the transaction has not closed.

Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.