Paramount Skydance has boosted its bid for Warner Bros Discovery by offering shareholders extra cash if the deal drags beyond 2026 and agreeing to cover Netflix's breakup fee if Warner Bros walks away.

The move is the latest in Paramount's ongoing battle with Netflix for the Hollywood studio's prized film and TV assets.

The new incentives include a 25-cent-per-share "ticking fee," worth about $650 million per quarter from early 2027 until the deal closes.

According to CNA, Paramount has not increased its $30-per-share offer, totaling $108.4 billion including debt, but pledged to fund the $2.8 billion termination fee Warner Bros would owe Netflix if their $82.7 billion merger collapses.

Both Netflix and Paramount covet Warner Bros for its........

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