Paramount has an updated Warner Bros. Discovery bid

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Paramount Skydance isn’t giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison’s “irrevocable personal guarantee” equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance’s CEO.

On December 17, WBD formally recommended shareholders reject Paramount’s offer. WBD had already accepted an $82.7 billion offer from Netflix, set to close some time next year…



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Paramount has an updated Warner Bros. Discovery bid


Paramount Skydance isn’t giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison’s “irrevocable personal guarantee” equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance’s CEO.

On December 17, WBD formally recommended shareholders reject Paramount’s offer. WBD had already accepted an $82.7 billion offer from Netflix, set to close some time next year…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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