WBD May Engage With Paramount After Ellisons’ Sweetened Offer
Deadline • • business
Key Points:
- Warner Bros. Discovery (WBD) may soon engage with Paramount following an amended takeover offer that includes significant concessions, according to Deadline.
- WBD currently has a signed deal with Netflix to sell Warner Bros. Studios and streaming assets for $27.75 per share in cash, but Paramount’s unsolicited offers, including a $30 per share cash bid, have pressured some shareholders to urge the board to consider alternatives.
- Paramount's latest bid includes a $0.25 per share quarterly "ticking fee" after December 31, 2026, valued at around $650 million per quarter, and a $2.8 billion termination fee to Netflix, along with concessions on debt financing costs.
- WBD was planning a
