US EditionParamount sweetens Warner Bros bid with extra cash, Netflix break-up fee cover
Paramount added a $0.25 per share quarterly fee after 2026 and pledged to cover a $2.8 billion Netflix breakup fee to strengthen its $30-per-share hostile bid for Warner Bros. Discovery.
- 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.
109 Articles
109 Articles
Paramount Sweetens Hostile Takeover Bid for Warner Bros. Discovery — WBD Board Agrees to Review Offer
The high-stakes media consolidation battle surrounding Warner Bros. Discovery took another dramatic turn this week as Paramount Skydance formally upgraded the financial terms of its hostile takeover bid — escalating pressure on WBD leadership as it weighs competing offers from Paramount and Netflix. Paramount’s revised proposal introduces significant new financial incentives aimed directly at WBD shareholders, including a quarterly cash “ticking…
Paramount Skydance has upgraded its takeover bid for Warner Bros. Discovery (WBD) in an effort to persuade shareholders to back it over a rival bid from Netflix. It has offered the company a $2.8 billion (nearly 57 billion crowns) severance package if it cancels its existing deal with Netflix. It would also pay $1.5 billion in fees related to refinancing Warner Bros.' debt.
Coverage Details
Bias Distribution
- 63% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
