Warner Bros. Board Warms to Paramount's New Bid, New Details Revealed
The Hollywood Reporter • • business
Key Points:
- Paramount has increased its offer for Warner Bros. Discovery (WBD) to $31 per share in cash, surpassing its previous $30 offer and Netflix’s $27.75 per share bid for WBD’s streaming and film assets.
- The revised Paramount proposal includes a $0.25 per quarter ticking fee starting after September 30, 2026, a $7 billion regulatory termination fee (up from $5.8 billion), and a commitment to pay Netflix’s $2.8 billion termination fee if the deal fails due to regulatory issues.
- Warner Bros. Discovery's board has not yet determined if Paramount’s offer is superior to Netflix’s but acknowledges it could reasonably be expected to lead to a company superior proposal,
