By Nicholas G. Miller
Paramount Skydance added a "ticking fee" to its proposal to buy Warner Bros. Discovery, offering to pay Warner shareholders 25 cents a share every quarter the transaction is not closed beginning in 2027.
Paramount also said it would fund Warner's $2.8 billion termination fee it would have to pay if it backs out of its deal with Netflix and that it would help offer solutions to Warner's debt obligations.
The company also offered to eliminate a potential $1.5 billion financing cost associated with Warner's debt exchange. It also said that if Warner's financing sources do not extend the maturity of its $15 billion bridge loan, Paramount's debt sources would do so.
Paramount said the ticking fee underscores its confidence in "the speed and certainty of regulatory approval for its transaction."
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
02-10-26 0936ET
