Paramount sweetens WBD offer with quarterly fees, Netflix break fee coverage
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PARAMOUNT ENHANCES ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER FOR WARNER BROS. DISCOVERY AND PROVIDES UPDATE ON REGULATORY PROGRESS
February 10, 2026 9:02 AM ESTParamount's $30 per share, all-cash offer provides superior value and greater regulatory certainty than Netflix's sliding scale merger consideration which, according to WBD's own preliminary proxy statement filed with the SEC on February 9, ranges from a minimum of $21.23 to a maximum of $27.75 per share in cash (depending on debt levels on Discovery Global at the time of separation)Paramount has enhanced its offer with a $0.25 per share "ticking fee," payable to WBD shareholders for each quarter its transaction has not closed beyond... More
