Paramount Skydance has sharply increased the breakup fee in its proposed offer to acquire Warner Bros Discovery, lifting the amount from $2.1 billion to $5 billion, according to a Bloomberg News report citing individuals familiar with the negotiations.

Jane Fonda just issued a blunt warning about the $82.7 billion deal between Netflix and Warner Bros.

“This acquisition will improve our offering and accelerate our business for decades to come,” Peters said in the release.