Los Angeles, Feb. 11 -- Amid the ongoing takeover battle to acquire Warner Bros. Discovery (WBD), Paramount has revised and enhanced its offer, adding a 25-cent per share "ticking fee" to strengthen its all-cash bid.

In an official statement on Tuesday, Paramount said it has introduced an incremental cash consideration of USD 0.25 per share for every quarter that the transaction does not close beyond December 31, 2026.

The ticking fee, equivalent to around USD 650 million in cash value each quarter, will be payable to WBD shareholders.

It stated "Paramount has enhanced its offer with a USD 0.25 per share "ticking fee," payable to WBD shareholders for each quarter its transaction has not closed beyond December 31, 2026.......Paramount w...