New terms of Paramount’s $78 billion offer for WBD revealed on Tuesday include little more than covering a $2.8 billion breakup fee to walk away from the Netflix agreement and a so-called “ticking fee” of 25 cents a share extra if regulators delay approving the Paramount offer, paid every quarter after Dec. 31 that the deal remains in limbo. Paramount offers, but consider: The major issue for WBD is that the antitrust cops in the US and abroad that have turned sharply against Netflix – calling into question the streaming giant’s ability to close on its planned $73 billion purchase of WBD’s Warner Bros. studio and HBO Max streaming service, according to people close to WBD. Plus, many don’t think there’s that much daylight between Paramount’s $30 a share all cash bid and the $27.75 now all cash proposal by Netflix, which will be combined with the value of an “equity stub” from the planned WBD spinoff of its cable properties in the coming months.
Author: Charles Gasparino
Published at: 2026-02-10 23:18:08
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