Paramount ‘has no immediate plans’ to raise hostile WBD bid, Gasparino says

Fox Business’ Charles Gasparino said via X, “@paramountco @Skydance has no immediate plans to raise its ‘hostile’ offer for @wbd and will likely wait until its first shareholder tender date of Jan 8 before announcing its next move, sources say. What’s on the table as this goes forward, I understand: Covering the $2.8B breakup fee that will be incurred if $WBD has to walk away from @netflix (NFLX) and possibly increasing the $30 a share all cash bid by around 10%. Then it’s $NTFLX’s turn. My guess we’re still in the 7th inning of this thing.”