Larry Ellison will personally guarantee $40 billion
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Looks like Paramount CEO David Ellison channeled his inner Veruca Salt and said, “I want it now, Daddy.” On December 22, Paramount Skydance announced that its hostile bid to buy Warner Bros. Discovery now includes a $40.
Asianet Newsable on MSN
Paramount Skydance secures Larry Ellison's $40.4B backing after WBD board raised doubts about his involvement
Last week, Warner Bros. Discovery's board expressed concerns about Paramount’s offer, citing a lack of confidence in Ellison’s involvement.
WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.
Tampa Free Press on MSN
War for Warner: WBD scraps Paramount’s ‘inferior’ hostile bid, doubles down on Netflix pact
The boardroom battle for Warner Bros. Discovery (WBD) escalated Wednesday as the media giant officially rejected a $30-per-share hostile takeover bid from David Ellison’s Paramount, dismissing the offer as "inferior" to its pending merger with Netflix.