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Warner Bros. Exploration Company: The revised proposal will acquire WBD shares at a price of $31.00 per share in cash, an increase from the previous offer. If the transaction is not completed due to regulatory issues, Paramount Global Corporation will be required to pay a regulatory termination fee of $7 billion. The revised proposal includes quarterly increasing daily fees starting after September 30, 2026, with a fee of $0.25 per quarter. The board has not yet determined if the revised proposal from Paramount Global Corporation is superior to the merger proposal with Netflix.
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