Paramount Skydance Enhances $30 Per Share Bid For Warner Bros Discovery
Synopsis
The company added a “ticking fee”, presenting an incremental cash consideration to WBD shareholders of $0.25 per share.
Paramount Skydance Corp. (PSKY) on Monday enhanced its $30 per share all-cash bid for Warner Bros. Discovery Inc. (WBD).
The company added a “ticking fee”, presenting an incremental cash consideration to WBD shareholders of $0.25 per share. Paramount stated that this is equivalent to approximately $650 million cash value each quarter, for every quarter the transaction is not closed beyond Dec. 31, 2026.
Paramount Skydance shares rose 1% in Tuesday’s pre-market trade, while Warner Bros. Discovery shares gained nearly 3%. Retail sentiment on Stocktwits around PSKY trended in the ‘bullish’ territory, while sentiment around WBD trended ‘bearish’.
Netflix shares were up 1% at the time of writing, with retail sentiment trending in the ‘bearish’ territory on Stocktwits.
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