UPDATE 1-Paramount revises offer for Warner Bros with 25-cent ticking fee

Paramount Skydance Corporation Class B +2.92%
Warner Bros. Discovery, Inc. Series A -0.62%

Paramount Skydance Corporation Class B

PSKY

9.52

+2.92%

Warner Bros. Discovery, Inc. Series A

WBD

27.32

-0.62%

Adds details in paragraph 2

Feb 10 (Reuters) - Paramount PSKY.O said on Tuesday it has revised its $30 per share all-cash bid for Warner Bros Discovery WBD.O 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.




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