Paramount Sweetens Warner Bros Bid with Ticking Fee, Breakup Protection

• Paramount Skydance enhances its $108 billion takeover proposal for Warner Bros Discovery, adding financial incentives to sway shareholders.
• The revised offer includes a 25-cent-per-share quarterly "ticking fee" starting in early 2027 if the deal is delayed, potentially adding $650 million per quarter.
• Paramount commits to covering Warner Bros' $2.8 billion termination fee to Netflix and absorbing up to $1.5 billion in bondholder fees.
• The proposal aims to acquire Warner Bros' assets, including Harry Potter, Game of Thrones, and DC Comics, amidst competition with Netflix.
• Warner Bros' board currently reaffirms support for the Netflix agreement, while activist investor Ancora Holdings prepares to oppose it.