Warner Bros. Discovery’s board has determined that David Ellison’s latest revised offer for the entire company could “reasonably be expected” to lead to a “superior proposal.”
Ellison’s tenth bid is valued at $31 per share in cash, plus a daily ticking fee equal to 25 cents per quarter beginning after Sept. 30, 2026. Paramount will pay a $7 billion termination fee to Wbd in the event the transaction does not close due to regulatory matters. It will also cover a $2.8 billion termination fee that Wbd would be required to pay to Netflix.
Additionally, the proposal includes an obligation to contribute additional equity funding to the extent needed to support the solvency certificate…
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.imdb.com ’
ADVERTISEMENT
