Paramount Skydance Bets on WBD Shareholders With $650 Million Per Quarter If Deal Isn’t Closed by 2026 End
Paramount Skydance sweetens its all‑cash bid for Warner Bros. Discovery, promising incremental cash of $0.25 per WBD share per quarter (about $650 million) if the deal isn’t closed by December 31, 2026, while also covering Netflix’s $2.8 billion breakup fee, backstopping financing, and extending the tender offer to March 2, 2026. The terms include financing flexibilities, debt-structure options, and potential changes tied to Discovery Global. WBD maintains support for Netflix’s deal and will review the new terms; Paramount argues its offer provides greater value to shareholders.