Paramount sweetens takeover offer for Warner Bros Discovery
Media group adds ‘ticking fee’ to give shareholders additional payment for every quarter deal does not close
Media group adds ‘ticking fee’ to give shareholders additional payment for every quarter deal does not close

Streaming group is competing with Paramount over prized studio assets

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest

Ellison-led group says it will nominate directors to counter Netflix deal for fabled studio

Board warns shareholders over ‘extraordinary’ amount of debt financing and $4.7bn of costs if it backs out of Netflix deal

Ellison-backed studio plans to nominate Pentwater Capital Management as part of rival board list

Studio sale stands to undercut earnings for virtually every other segment of the industry regardless of the buyer