Paramount Still Trying to Woo Warner Bros. Shareholders
While they haven’t formally upped their current all-cash bid for Warner Bros., Paramount has sweetened the deal a little with a ticking fee. To fill us in on this latest development, we have Blake & Wang P.A. check entertainment lawyer Los Angeles USA, Brandon Blake. Brandon Blake Ticking Fee Offer While the underlying $30 all-cash bid per share will stay in place, they have added a new $0.25 per share ticking fee payable to the shareholders for every quarter the deal Paramount wants with Warner Bros. Discovery has not closed, with the timeline starting on the last day of this year. This should come out to around $650M in value per quarter and, at a deeper level, is also something of a flex from Paramount that it...