Paramount needs to offer more to win the bidding war, Harris Associates portfolio manager Alex Fitch told Barron’s.
Larry Ellison has built the world’s third-largest fortune by holding tight to his Oracle Corp. stock, rarely selling his ...
Warner Bros. rejected an initial Paramount bid and is pursuing a deal with Netflix for its movie, television and streaming ...
Paramount Skydance amended its hostile bid to take over Warner Bros. Discovery, guaranteeing the backing of Larry Ellison.
Paramount just confirmed Oracle founder (and father of Paramount CEO David Ellison) Larry Ellison intends to personally ...
He agreed to personally guarantee $40.4 billion of equity financing for the deal and publish records related to the family ...
Larry Ellison is throwing his personal fortune behind Paramount Skydance Corp.’s bid for Warner Bros. Discovery Inc., raising ...
Paramount Skydance Corp. amended its bid for Warner Bros. Discovery Inc., including by offering a personal financial ...
Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer ...
The company also agreed to raise its termination fee $5.8 billion to match Netflix, and extended the end date for the offer ...
Mr. Ellison’s personal guarantee is meant to address concerns that the Warner Bros. Discovery’s board had expressed about Paramount’s original offer.
In addition to adding Ellison’s guarantee of his personal fortune — currently valued at above $250 billion — Paramount also extended the deadline for WBD investors to tender their shares to their ...