Paramount revises offer for Warner Bros with 25-cent ticking fee
Feb 10 (Reuters) - Paramount said on Tuesday it has revised its $30 per share all-cash bid for Warner Bros Discovery with a 25 cents per share ticking fee for every quarter the transaction is not closed beyond December 31, 2026.
This would equal to about $650 million in cash value each quarter. Paramount also said it will fund the $2.8 billion termination fee that Warner Bros owe Netflix if the deal falls through. Warner Bros Discovery and Netflix did not immediately respond to requests for comment.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Arun Koyyur)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Boeing (BA) Stock Falls Amid Market Uptick: What Investors Need to Know
Eaton (ETN) Outperforms the Market: Key Information You Should Be Aware Of
Sprouts Farmers (SFM) Stock Drops Despite Market Gains: Important Facts to Note
AAOI & LITE Both Skyrocket 15% on Monday
Trending news
MoreCrypto prices
More
