David Ellison and his billionaire begetter whitethorn request to get their checkbooks ready.
Paramount Skydance is expected to request to salary Warner Bros. Discovery shareholders much than $1 cardinal successful so-called ticking fees aft a national judge group the day for the proceedings astir its merger: It's March 2.
The Ellisons' and Paramount's different financial backers agreed to salary WBD investors $650 cardinal per quarter, which is astir $7 cardinal per day, that its merger isn't finalized, starting aft September 30.
There are 169 days betwixt October 1 and March 19, which is erstwhile Paramount's proceedings is scheduled to end.
That implies Paramount would beryllium WBD shareholders astir $1.18 billion, unless the institution reaches a colony pinch the 12 states suing to artifact its deal.
If Paramount doesn't complete its merger pinch WBD, it would beryllium WBD a $7 cardinal termination interest nether the agreement.
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