Paramount more than doubles its bid to acquire Warner Bros.

Paramount Skyance is sweetening its bid for Warner Brothers, the parent company of HBO and CNN. According to Bloomberg, Paramount has more than doubled its proposed breakup fee to now $5 billion, signaling confidence it can clear regulators as Warner Brothers reviews offers from Paramount, Netflix, and Comcast, which is NBC's parent company. Warner Brothers could soon choose a winning bid, setting the stage for what could be one of the biggest media shakeups ahead. ...