David Ellison Increases Paramount Bid for Warner Bros. Discovery

David Ellison has increased the Paramount bid for Warner Bros. Discovery by adding a $650 million quarterly ticking fee and offering to cover a $2.8 billion Netflix termination fee.The all-cash $30-per-share offer is backed by $43.6 billion in equity from the Ellison family and RedBird Capital Partners, including a personal guarantee from Larry Ellison.Warner Bros. Discovery remains committed to its $83 billion deal with Netflix despite new regulatory clearances obtained by Paramount in the USA and Germany.