and further reporting up to headquarters. The largest banks turned to unit
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Paramount Skydance has proven its willingness to comply with President Donald Trump, but delays in closing the deal could be costly. The company is on the hook to pay Warner Bros. Discovery "a daily ticking fee equal to $0.25 per share per quarter beginning after September 30, 2026." The company also has to pay $7 billion to Warner Bros. Discovery if the deal is terminated for regulatory reasons. Netflix lost the battle for Warner Bros. Discovery, but getting a competitor to potentially overpay for the studio might be its own reward.
Warner Bros. Discovery and Paramount Skydance's merger agreement is now official. On Friday, the two companies announced plans to merge into a massive media company that will fold WBD's studio, linear channels, streaming service, and gaming segment into Paramount.