Paramount sweetens its WBD bid with a "ticking fee" worth ~$650M/quarter if the deal isn't closed by year-end and offers to fund WBD's $2.8B Netflix breakup fee (Lillian Rizzo/CNBC)
Lillian Rizzo / CNBC:
Paramount sweetens its WBD bid with a “ticking fee” worth ~$650M/quarter if the deal isn’t closed by year-end and offers to fund WBD’s $2.8B Netflix breakup fee — Paramount Skydance said Tuesday it has sweetened its offer for Warner Bros. Discovery, adding a so-called “ticking fee” …