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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Launch had been planned for early February, but it was delayed to repair a hydrogen leak and, more recently, to give engineers time to fix a helium pressurization problem in the rocket's upper stage. Launch is now on hold until at least April 1.
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