Paramount Tianwu rose 0.9% at the end of Thursday, after sources familiar with the matter revealed that the company had more than doubled the proposed break-up fee in the Warner Bros. Exploration takeover offer to $5 billion. The move was aimed at making its acquisition plan more attractive and beating rivals. If the parties reach an agreement but ultimately fail to complete the deal, this amount will be paid to Warner Bros. People familiar with the matter said that this shows that Paramount is confident that its merger plan will pass regulatory review. Paramount previously proposed a break-up fee of $2.1 billion.

Paramount Tianwu rose 0.9% at the end of Thursday, after sources familiar with the matter revealed that the company had more than doubled the proposed break-up fee in the Warner Bros. Exploration takeover offer to $5 billion. The move was aimed at making its acquisition plan more attractive and beating rivals. If the parties reach an agreement but ultimately fail to complete the deal, this amount will be paid to Warner Bros. People familiar with the matter said that this shows that Paramount is confident that its merger plan will pass regulatory review. Paramount previously proposed a break-up fee of $2.1 billion.