Paramount sweetens Warner Bros bid with offer to pay Netflix break-up cost, other fees

FILE PHOTO: A city street stop sign is shown next to the Paramount water tower at the Paramount studio lot in Hollywood, Los Angeles, California, U.S., January 13, 2026. REUTERS/Mike Blake/File Photo

Feb 10 (Reuters) - Paramount Skydance has enhanced its Warner Bros ⁠Discovery bid by offering shareholders extra cash for each quarter the deal fails to close after this year and agreeing to cover the breakup fee the HBO owner would owe Netflix if it walked away.

Even though Paramount did not ⁠raise its per-share offer, the sweeteners mark the company's latest attempt to woo Warner Bros shareholders in its prolonged battle with Netflix for control of some of the world's most prized TV and film assets.