NewsMeter
$7 million per day is the "ticking fee" that begins accruing against Paramount if its pending merger does not close by late September. The company has already absorbed an adverse early ruling in the lawsuit.
That daily rate underlies the case's projected billion-dollar loss exposure. The fee's mechanics The ticking fee is a contractual provision that activates once the late-September deadline passes without a deal close.
Until that date, Paramount carries no ticking-fee liability. After it, the meter runs at $7 million per day and each elapsed day adds directly to the total. At that rate, scale is a straightforward function of time.
The projected billion-dollar loss figure reflects the daily rate extended over a prolonged delay. No cap on the fee appears in the available reporting.
Keep reading