Paramount revises offer for Warner Bros with 25-cent ticking fee

Feb 10 (Reuters) – Paramount said on Tuesday it has revised its $30 per share all-cash bid for Warner Bros Discovery with a 25 cents per share ticking fee for every quarter the transaction is not closed beyond December 31, 2026. This would equal to about $650 million in cash value each quarter. Paramount also said it will fund the $2.8 billion termination fee that Warner Bros owe Netflix if the deal falls through. Warner Bros Discovery and Netflix did not immediately respond to requests for comment. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Arun Koyyur)

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