Paramount Skydance‘s hostile bid for Warner Bros. Discovery has gotten adjusted with new promises to try to sweeten the deal.

On Tuesday, Paramount said that it will add 25 cents per WBD share each quarter that the acquisition is not closed beyond December 31, 2026. That would add $650 million cash value per quarter. Paramount has claimed their acquisition would go smoother than Netflix’s winning bid so banking on that belief.

Paramount also said it would bay the $2.8 billion breakup fee due to Netflix if Warner Bros. Discovery broke its agreement.

Finally, Paramount said it would eliminated WBD’s potential $1.5 billion financing cost associated with its debt exchange offer by “fully backstopping an exchange offer that relieves WBD of its contractual bondholder obligations.” Paramount said it will fully reimburse WBD shareholders for the $1.5 billion fee, without reducing the separate $5.8 billion reverse-termination fee, in the “unlikely event” that the Paramount transaction is blocked by regulators.

The expiration date of this offer has been extended to March 2, 2026. A shareholder for Warner Bros. Discovery is being held in late March or early April to vote on Netflix’s deal.

In December 2025, Warner Bros. Discovery accepted Netflix’s offer to buy the Warner Bros. part of the company that included Warner Bros. Studios, HBO, HBO Max, Warner Bros. Games, and DC Comics. Originally, they offered $27.75 per share with $23.25 in cash and $4.50 in share of Netflix stock. That has since been amended to be $27.75 in all cash. In contrast, Paramount has offered $30 in cash for the entirety of Warner Bros. Discovery which would cover its studios as well as its television stations.