Paramount Skydance Corp. (PSKY) said Tuesday it has amended its all-cash tender offer to acquire Warner Bros. Discovery Inc. (WBD), maintaining its $30-per-share proposal while adding new incentives and financing commitments to strengthen its offer.
Paramount said its bid offers superior value and certainty to Netflix's sliding-scale merger consideration, which WBD disclosed in a February 9 preliminary proxy filing, ranging from $21.23 to $27.75 per share, depending on debt levels at Discovery Global.
To improve the proposal, Paramount has introduced a $0.25 per-share quarterly "ticking fee" payable for each quarter the deal remains unclosed beyond December 31, 2026. The company also agreed to fund the $2.8 billion termination fee owed to Netflix if WBD exits its current agreement and to address WBD's debt financing costs, including backstopping a potential $1.5 billion exchange-related fee.
Paramount said the offer is fully financed, backed by $43.6 billion in equity commitments and $54 billion in debt commitments, alongside a $43.3 billion personal guarantee from Larry Ellison.
The company noted it has complied with the U.S. Department of Justice's Second Request and secured German foreign investment clearance, and urged WBD's board and shareholders to engage with its revised proposal.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.