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Paramount sweetens Warner Bros bid with extra cash, Netflix break-up fee cover
Paramount added a $0.25 quarterly ticking fee after 2026 and agreed to cover Netflix's $2.8 billion termination fee to strengthen its $30-per-share cash offer.
- On Tuesday, Paramount Skydance sweetened its $30-per-share all-cash tender offer for Warner Bros. Discovery with new elements, framing it as superior to Netflix's pending deal.
- Paramount added a ticking fee set at 25 cents per share per quarter payable after Dec. 31, 2026, to signal regulatory confidence and provide WBD shareholders certainty and protection.
- It will fund the $2.8 billion termination fee and eliminate the $1.5 billion refinancing cost by backstopping WBD's debt exchange and reimbursing shareholders if needed.
- On Feb. 9, 2026, Paramount certified DOJ compliance, with full financing from $43.6 billion of equity and $54 billion of debt, and secured German clearance on Jan. 27, 2026.
- Warner Bros. Discovery has rejected Ellison's overtures eight times and will stick with Netflix's $27.75 per share deal, estimated to close in 12 to 18 months with the initial deal valued at $72 billion.
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Paramount improved its offer for Warner Bros. Discovery again on Tuesday, intensifying its attempt to derail Netflix's pending acquisition of the company.
Paramount Tries New Tactic To Derail Netflix-Warner Acquisition
Paramount has escalated its hostile bid for Warner Bros. Discovery in an effort to block the company’s pending $83 billion sale of its studios and streaming assets to Netflix. In a new SEC filing, Paramount said it would pay Warner Bros. Discovery shareholders about $650 million for every quarter the Netflix deal is delayed, starting in 2027. Paramount also pledged to cover the $2.8 billion breakup fee Warner Bros. Discovery would owe Netflix if…
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Total News Sources83
Leaning Left18Leaning Right5Center47Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 26%
C 67%
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