Paramount sweetens Warner Bros. Discovery bid with ‘ticking fee’ as Netflix deal hangs over vote
Paramount raised its $30-a-share bid for Warner Bros. Discovery on Tuesday by adding a delay-linked “ticking fee” and offering to cover breakup costs if WBD cancels its Netflix deal. WBD’s board is reviewing the revised offer but still backs the Netflix agreement. Netflix’s $27.75-a-share cash offer could drop if more debt is assigned to the Discovery Global spinout, according to WBD filings.