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.
The president initially invited the women late Sunday, when he called to congratulate the men for their 2-1 overtime win over Canada. The women’s team was still in Milan, three days after also beating Canada 2-1 in overtime.
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But the Cabinet Office said it was committed to the inquiry and learning the lessons for the future.
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