"The Ellison-backed media giant offered a so-called ticking fee for each month the deal fails to close. Paramount Skydance is ramping up its bid for Warner Bros Discovery by offering extra cash for each quarter the deal fails to close after this year. The CBS parent company also said that it would cover the $2.8bn termination fee if Warner Bros Discovery walks away from its $82.7bn deal for its studio and streaming assets with Netflix."
"Paramount leadership's ties with the administration of United States President Donald Trump have long raised conflict-of-interest concerns. Paramount is led by the Ellison family, and Oracle co-founder Larry Ellison is a key Trump ally. Paramount raised a personal guarantee from Ellison to $43.3bn and expects to fund the deal with $54bn of debt from Bank of America, Citigroup and Apollo. The future of CNN is in the spotlight as part of the deal."
Paramount Skydance increased deal incentives by offering extra cash per quarter if its Warner Bros Discovery acquisition fails to close after this year. The company pledged to cover a $2.8bn termination fee if Warner Bros Discovery abandons its $82.7bn deal with Netflix. The offer includes a 25-cent per share ticking fee equating to $650m per quarter starting in 2027, while the per-share price remains $30, valuing the company at $108.4bn including debt. Both Netflix and Paramount seek Warner Bros for studios, content libraries and major franchises. Funding plans and political ties have raised scrutiny, and CNN’s future is a focal concern.
Read at www.aljazeera.com
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