Paramount Skydance isn’t giving up on obtaining Warner Bros. Discovery just yet. The company has data-i13n=”cpos:1;pos:1″ href=”https://www.prnewswire.com/news-releases/paramount-amends-its-superior-30-per-share-all-cash-offer-for-warner-bros-discovery-302647804.html” rel=”nofollow noopener” target=”_blank” data-ylk=”slk:amended its $108 billion offer;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>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 data-i13n=”cpos:2;pos:1″ href=”https://www.engadget.com/entertainment/warner-bros-discovery-rejects-paramounts-hostile-bid-131055882.html?guccounter=1&guce_referrer=aHR0cHM6Ly90cmVsbG8uY29tLw&guce_referrer_sig=AQAAANao4OpjLp9ilxtF0WkIGHBia-xVZmHYVszxH0F5fXYBZ0vgw9QMEWZZ-jxHPbMdeuTvN9BDhA4oOVZ31Jc71IBFQAsT7ThmPSz6s-H1tBgjuuVcabkxJMe22tAbcX89P9VCPOCITuAaMZLkZCXWORrrIyaG74dbkbxKn77Qb7b-” data-ylk=”slk:shareholders reject Paramount’s offer;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>shareholders reject Paramount’s offer. WBD had already accepted an $82.7 billion data-i13n=”cpos:3;pos:1″ href=”https://www.engadget.com/entertainment/netflix-to-buy-warner-bros-for-827-billion-120836295.html” data-ylk=”slk:offer from Netflix;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas” class=”link “>offer from Netflix, set to close some time next year…
