Paramount Raises Breakup Fee in Warner Bros. Bid to $5 Billion
Key Points:
- Paramount Skydance Corp. increased its proposed breakup fee for acquiring Warner Bros. Discovery Inc. from $2.1 billion to $5 billion.
- The breakup fee would be paid to Warner Bros. if the merger deal is agreed upon but not completed.
- The higher fee reflects Paramount's confidence that its merger proposal will clear regulatory approval.
- This move is part of Paramount's strategy to present a more attractive offer compared to rival bidders.
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