Paramount Stock Is Rallying After Winning Warner Battle. Why It Really Is a Victory.

Paramount Skydance investors look like they could get a fairy tale ending, with the CBS owner set to win the Warner Bros. Discovery bidding war. It’s a great outcome for Paramount, which only had to raise its hostile tender offer by $1 a share to avoid a prolonged bidding war. Paramount’s latest proposal also includes a 25 cents a share ticking fee, payable to Warner shareholders for each quarter the deal hasn’t closed after Sept. 30.