Paramount Enhances Offer for WBD with $0.25 Per Share "Ticking Fee"

Feb 10 (Reuters) - PARAMOUNT SKYDANCE CORP PSKY.O

• PARAMOUNT ENHANCES ITS SUPERIOR $30 PER SHARE ALL-CASH OFFER FOR WARNER BROS. DISCOVERY AND PROVIDES UPDATE ON REGULATORY PROGRESS

• PARAMOUNT SKYDANCE CORP - PARAMOUNT HAS ENHANCED ITS OFFER WITH A $0.25 PER SHARE "TICKING FEE," PAYABLE TO WBD SHAREHOLDERS FOR EACH QUARTER

• PARAMOUNT SKYDANCE CORP: WILL FUND $2.8 BLN TERMINATION FEE PAYABLE TO NETFLIX AND OFFERS SOLUTIONS TO WBD'S DEBT FINANCING COSTS AND OBLIGATIONS

• PARAMOUNT SKYDANCE CORP: REITERATES INTENTION TO SOLICIT PROXIES AGAINST APPROVAL OF NETFLIX TRANSACTION AT WBD SPECIAL SHAREHOLDER MEETING

• PARAMOUNT SKYDANCE- WILL ELIMINATE WBD'S POTENTIAL $1.5 BLN FINANCING COST ASSOCIATED WITH DEBT EXCHANGE OFFER BY FULLY BACKSTOPPING EXCHANGE OFFER

• PARAMOUNT SKYDANCE CORP: ALSO SECURED CLEARANCE FOR ITS TENDER OFFER FROM FOREIGN INVESTMENT AUTHORITIES IN GERMANY ON JANUARY 27, 2026

• PARAMOUNT SKYDANCE- WILL FULLY REIMBURSE WBD'S SHAREHOLDERS FOR $1.5 BLN FEE, WITHOUT REDUCTION TO SEPARATE $5.8 BLN REVERSE TERMINATION FEE IN ANY UNLIKELY EVENT

• PARAMOUNT SKYDANCE CORP: WILL PROVIDE FLEXIBILITY FOR WBD TO REFINANCE ITS EXISTING $15 BLN BRIDGE LOAN

• PARAMOUNT:REVISED OFFER FINANCED BY $43.6 BLN OF EQUITY COMMITMENTS FROM ELLISON FAMILY & REDBIRD CAPITAL PARTNERS & $54.0 BLN OF DEBT COMMITMENTS

• PARAMOUNT SKYDANCE CORP - REVISED PROPOSAL REFLECTS A TOTAL EQUITY VALUE OF $78 BLN AND ENTERPRISE VALUE OF $108 BLN