It looks like it. $2.8bn by Warner Brothers to Netflix [1].

If the vote looks close, Paramount would be expected to raise their bid to cover that cost.

[1] https://www.sec.gov/Archives/edgar/data/1065280/000119312525... 8.3(a)

Yeah, the reverse breakup fee is ~2.6B I believe, but the Paramount takeover doesn't have to succeed for that fee to kick in. WB just has to back out.

Warner breakup fee is different. 2.8 billion.

Isn't this submission about Warner Bros Discover, which is a different entity? Seems to be about TV, not movies. But maybe I misunderstand, I did spend a whole of 20 seconds to skim the article...

This has nothing to do with the Netflix bid.

Warner bros is being divided into the cable TV stations + discover channel stations and the movie studio and the backlog is separate.

Netflix wants the movie studio + tv back catalog

No. Breakup fes are for when the buyer backs out or theere are external forces that prevent the merger. You can also have a breakup fee if the buyee wants out but that's a different thing. In this case it's Paramount saying "we'll up out government-blocks-the-sale fee from $2.xbn to $5bn" which is saying they have a lot of confidence the merger will go through.