Paramount Skydance CEO David Ellison is once again putting full confidence behind his company’s hostile takeover bid to buy Warner Bros. Discovery by sweetening the deal with what he calls “additional benefits.”
The added guarantees announced on Tuesday include a “ticking fee” that pays Warner Bros. shareholders 25 cents per share if Paramount’s deal doesn’t go through by the end of the year. The fee amounts to a payment worth roughly $650 million for every quarter after Dec. 31 until the transaction has been approved.
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