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Paramount 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.
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142 Articles
The company led by David Ellison seeks to stay in the game and offers $650 million for each quarter in which WBD does not close agreement with Netflix
Paramount sweetens its bid for Warner Bros
Paramount Skydance has enhanced its Warner Bros Discovery bid by offering shareholders extra cash for each quarter the deal fails to close after this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away.
The amount remains at EUR 90 billion, but Paramount proposes a new rate of delay at the end of the process. I still agree to cover the cost of compensation to Netflix if HBO breaks merger.
The film studio agreed to pay the shareholders Warner Bros. "waiting fees".
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 sweetens hostile takeover bid for Warner Bros. Discovery
Paramount is sweetening is offer to Warner Brothers Discovery (WBD) as it looks to undercut an agreement for the entertainment giant with Netflix that would see the streamer acquire its sprawling movie and television studios. Paramount’s $30 per share, all-cash offer provides what the company said on Tuesday was “superior value and greater regulatory certainty…
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