Paramount makes new bid to buy Warner Bros.
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Paramount Skydance Corp. amended its bid for Warner Bros. Discovery Inc., including by offering a personal financial guarantee by Oracle Corp. Chairman Larry Ellison, as it seeks to beat out a
It’s part of a $215 million expansion just unveiled with the goal of providing “advanced oncology, cardiology and medical/surgical services.” It began with the opening of the upper floors of the Edwin Barbey Patient Care Pavilion at Cape Cod Hospital.
“Today the Warner Bros. Discovery Board sent a clear message to you, their stockholders,” the company said in a letter to shareholders. “The WBD Board urges you to reject Paramount Skydance’s unsolicited, inferior and illusory tender offer.”
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WBD Advises Shareholders Not To Take Any Action As It Reviews Paramount’s Amended Takeover Offer
Warner Bros. Discovery confirmed receipt of Paramount’s amended, unsolicited tender offer, which it "will carefully review and consider”
Paramount said in a news release that it wouldn’t be raising its offer of $30 a share for all of Warner Discovery. But Ellison—whose son David Ellison is Paramount’s CEO—will now be providing an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount.
Some of the most influential people from President Trump’s orbit, past and present, are facing off on either side of the struggle for control of Warner Bros. Discovery.
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Is Warner Bros Sale To Netflix Or Paramount A Sign Of The Apocalypse For Hollywood Ecosystem? – Guest Column
The future ownership of Warner Bros has come down to a battle between Netflix and Paramount. If the government is looking out for the best interest of the entertainment industry, should either be allowed to close the deal?
Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.