But Paramount has reportedly been eyeing WBD for years and followed December's merger announcement with an aggressive hostile takeover bid. On Tuesday, in addition to raising its offer to buy all of WBD, Paramount also agreed to pay a $7 billion regulatory termination fee should a Paramount-WBD merger fail to close due to antitrust regulation, as well as a $0.25 per share ticking fee for every quarter that the deal doesn’t close, starting on September 30.
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We did of course have a countdown first, because people love countdowns, because cricket is basically one unceasing countdown, an endless pencil stub ticking off names and numbers. There were 99 members of the supporting cast to be ushered to their spots, the non-Shanes of history, meat in the Ashes room.