Warner Bros Discovery is considering reopening sale talks with Paramount Skydance after receiving an amended offer. Warner Bros board is discussing the potential of a better deal with Paramount. Paramount enhanced its bid by offering extra cash for each quarter the deal is delayed and agreed to cover the breakup fee to Netflix. The deal does not raise its per-share offer but includes a 25-cent-per-share quarterly “ticking fee” and covers a $2.8 billion breakup fee to Netflix. Both Netflix and Paramount are interested in Warner Bros for its content library and major franchises. Ancora Holdings plans to oppose the Netflix deal, arguing the board did not engage enough with Paramount over its bid.

Read more at Yahoo Finance: Warner Bros weighs reopening sale talks with Paramount, Bloomberg News reports