Paramount sweetens WBD bid, but stops short of raising its per-share value

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Paramount Skydance

said Tuesday it has sweetened its offer for Warner Bros. Discovery

, adding a so-called “ticking fee” to signal regulatory confidence among other new elements.

Paramount stopped short, however, of raising its per-share offer to WBD shareholders. In December, Paramount launched a hostile tender offer for the entirety of Warner Bros. Discovery at $30 per share, all cash. The company argues its offer is superior to a pending transaction between Warner Bros. Discovery and Netflix