NasdaqGS:PSKYMedia
Paramount Skydance Warner Bros Bid Adds Protections As Valuation Gap Persists
Paramount Skydance (NasdaqGS:PSKY) has increased its efforts to acquire Warner Bros. Discovery, updating its bid with extra protections for Warner Bros. shareholders.
The latest offer includes a ticking fee to compensate shareholders if regulatory approvals take longer than expected.
The proposal also introduces a sizable termination fee, outlining compensation terms if the deal does not close.
Expiration of the U.S. antitrust waiting period and progress with overseas regulators have removed...