Paramount Sweetens Warner Bros. Takeover Bid Amid Declining Shareholder Support

• Paramount has sweetened its hostile takeover bid for Warner Bros. Discovery, extending the tender offer deadline to March 2.
• The updated offer includes a "ticking fee" of 25 cents per share ($650 million total) for each quarter the deal is delayed past year-end.
• Paramount also pledged to fund Warner's proposed $2.8 billion breakup payout to Netflix, maintaining its $30 per share cash offer.
• Shareholder support for Paramount's bid has significantly declined, with tendered shares dropping from 168.5 million to 42.3 million.
• Both Paramount's and Netflix's bids for Warner Bros. are facing antitrust scrutiny from the U.S. Department of Justice and other regulators.