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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These include involvement in autonomous kinetic operations in which AI tools make final military targeting decisions without human intervention.
Sharing the workload may also give the co-CEOs more time with their family. That's something they might be lacking - 60% of CEOs report spending too little time with their family, according to a study by executive search firm Russell Reynolds.