Feb 24 (Reuters) – Warner Bros Discovery said on Tuesday it had determined that the revised proposal from Paramount Skydance could reasonably be considered a superior proposal.
The revised proposal includes an increased purchase price of $31.00 per WBD share in cash, plus a daily ticking fee equal to $0.25 per quarter beginning after September 30.
(Reporting by Manya Saini in Bengaluru; Editing by Alan Barona)
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