Paramount sweetens bid for Warner Bros

(Sharecast News) - Paramount has improved its $108bn bid for Warner Bros Discovery, offering a fee to shareholders as compensation if regulators delay completion of the deal.

In a regulatory filing on Tuesday, the media company also agreed to cover the $2.8bn breakup fee the HBO owner would owe Netflix if it walked away from their deal.

The 25 cent-a-share "ticking fee" is worth $650m in cash each quarter between January 1, 2027, and the completion of the Paramount deal, Paramount.

Paramount launched its hostile offer in an attempt to trump Netflix's agreed $83bn deal with Warner Bros for its studio and streaming assets.

Reporting by Frank Prenesti for Sharecast.com