Paramount Skydance (PSKY) has increased the proposed penalty for deal failure to $5 billion from $2.1 billion in its offer to acquire Warner Bros. Discovery (WBD), Bloomberg reported Wednesday, citing people familiar with the matter.
Paramount Skydance would pay the fee in case Warner Bros. agreed to be acquired by the company but a deal falls apart.
Bloomberg cited sources as saying the offer was a sign of confidence that Paramount, which is run by a family close to the US administration, could push the deal past antitrust regulators.
Paramount Skydance and Warner Bros. Discovery did not immediately reply to MT Newswires' request for comment.
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