Paramount Increases Offer for Warner Bros. Discovery with Added Shareholder Benefits

Paramount has revised its $30 per share, all-cash offer for Warner Bros. Discovery (WBD) by adding new incentives for WBD shareholders. The new terms include a $0.25 per share 'ticking fee,' which will be paid for each quarter the deal remains incomplete after December 31, 2026.

Paramount says this adjustment shows its confidence in obtaining regulatory approval quickly. The company also pledged to cover a $2.8 billion termination fee that WBD would owe to Netflix if their existing merger deal is canceled.

Compared to Netflix's offer, which could range from $21.23 to $27.75 per WBD share depending on certain debt conditions, Paramount claims their offer provides more value and regulatory certainty. Paramount also shared updates that it has advanced in regulatory processes, including submitting required documentation to authorities and receiving key clearances for its offer.

A ticking fee is an extra payment to shareholders if a deal takes longer than expected to close. Paramount is offering $0.25 per share each quarter after December 31, 2026, to reassure shareholders about timely completion.

Paramount is offering $30 per share in cash, while Netflix's offer ranges from $21.23 to $27.75 per share depending on certain debt conditions.

Paramount says it is confident about getting regulatory approval and has already made progress by submitting documents and securing some clearances.

CNBC

Paramount has added elements to its hostile bid for Warner Bros. Discovery.

PRNewsWire

Paramount's $30 per share, all-cash offer provides superior value and greater regulatory certainty than Netflix's sliding scale merger consideration which, according to WBD's own preliminary proxy statement filed with the SEC on February 9, ranges from a minimum of $21.23 to a maximum of $27.75 per...

Deadline

Paramount has enhanced its offer for Warner Bros. Discovery with a $0.25 per share so called “ticking fee” payable to WBD shareholders for each quarter its transaction has not closed beyond December 31, 2026,. The move, it says, underscores “Paramount's confidence in the speed and certainty of regu...

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.

New York Post

Paramount on Tuesday sent a sweetened version of its $30 per share all-cash offer to Warner Bros. Discovery's board as its battle to topple Netflix's acquisition deal heats up.

WSJ

The media company, which is pursuing a hostile bid for Warner, also said it complied with Justice Department request for information about its proposed deal.

Barrons

The CBS owner is introducing a so-called ticking fee, but still offering $30 a share for all of Warner Discovery.

Business Insider

Paramount just updated its bid for Warner Bros. Discovery, as it battles Netflix's offer.

Market Watch

Paramount says it will pay more if its bid is accepted but doesn't close by year's end and will also cover Netflix's break-up fee.

Reuters

Paramount Skydance has enhanced its Warner Bros Discovery bid by offering extra cash for each quarter the deal fails to close beyond this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away.

Invezz

Paramount Skydance (NASDAQ: PSKY) is in focus this morning after the company sweetened its deal “further” for Warner Bros. Discovery (NASDAQ: WBD) to woo its shareholders and bypass a resistant board.

PRNewsWire

NEW YORK, Feb. 10, 2026 /PRNewswire/ -- Warner Bros. Discovery, Inc. ("Warner Bros.

Proactive Investors

Paramount Skydance Corp (NASDAQ:PSKY) announced Tuesday that it has amended its $30 per share, all-cash tender offer to acquire Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), adding new provisions designed to provide shareholders with additional value and regulatory certainty. The move comes ami...

Bloomberg Technology

Paramount Skydance says it would pay a $2.8 billion termination fee Warner would have to pay if it breaks off the deal with Netflix. Lucas Shaw reports.

Investors Business Daily

Paramount submitted a new offer for Warner Bros. that added clauses meant to demonstrate its belief it could close the deal quickly.

Fast Company

Paramount is again sweetening its hostile takeover bid for Warner Bros. Discovery, while again extending the deadline for its tender offer as it scrambles for more shareholder support.

New York Post

On the face of it, Paramount's revised offer sounds like a clunker.

Zacks Investment Research

Warner Bros. Discovery (WBD) concluded the recent trading session at $27.8, signifying a +2.17% move from its prior day's close.

WSJ

Ancora has built a roughly $200 million stake in Warner Bros. Discovery and favors a deal with David Ellison's Paramount Skydance.

Reuters

Activist investor Ancora Holdings has built a roughly $200 million stake in Warner Bros Discovery and plans to oppose Warner's deal to sell its prized TV and film assets to Netflix , the Wall Street Journal reported on Tuesday.

New York Post

The Cleveland-based firm, which manages roughly $11 billion in assets, has built a stake valued at about $200 million.

Deadline

Activist investor and Warner Bros. Discovery shareholder Ancora Alternatives LLC threatened to vote ‘no' on the Netflix deal and launch its own proxy fight if the WBD board does not engage with Paramount.

CNBC Television

James Chadwick, President of Alternatives at Ancora, reveals a 200 million dollar stake in Warner Bros. Discovery, opposes the Netflix deal, and urges the board to pursue Paramount's higher and more certain offer.

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