Paramount has made changes to its offer for Warner Bros. Discovery Inc., aiming to win over investors by addressing concerns raised by the company and countering a rival deal with Netflix. The move includes covering $2.8 billion termination fees for Warner Bros. if it ends its agreement with Netflix, and backing up the company’s debt refinancing process with an additional $1.5 billion in fees.
Source: https://www.bloomberg.com/news/articles/2026-02-10/paramount-offers-to-pay-2-8-billion-breakup-fee-in-warner-deal