> The Paramount-Warner Bros. Discovery saga has more than its share of twists and turns, but one of the most unusual aspects of the deal is the ticking fee, which adds an element of pressure to its legal proceedings with 12 state attorneys general.
> The fee represents a ticking time bomb that forces Paramount to close its deal to buy Warner Bros. Discovery by Sept. 30, or face stiff financial penalties. David Ellison’s company could be on the hook for a fee of 25 cents per share for every quarter the deal isn’t closed beyond that date. That translates to roughly $650 million per quarter, or approximately $7 million per day.
toomuchtodo•49m ago
> The Paramount-Warner Bros. Discovery saga has more than its share of twists and turns, but one of the most unusual aspects of the deal is the ticking fee, which adds an element of pressure to its legal proceedings with 12 state attorneys general.
> The fee represents a ticking time bomb that forces Paramount to close its deal to buy Warner Bros. Discovery by Sept. 30, or face stiff financial penalties. David Ellison’s company could be on the hook for a fee of 25 cents per share for every quarter the deal isn’t closed beyond that date. That translates to roughly $650 million per quarter, or approximately $7 million per day.