Paramount includes personal guarantee from Larry Ellison
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6hon MSN
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.”
2hon MSN
Don't think Paramount's amended WBD bid will get it over the goal line, says Seaport's David Joyce
David Joyce, Seaport Research Partners senior media equity analyst, joins 'Squawk Box' to discuss Paramount's amended offer to buy Warner Bros. Discovery, impact on Netflix's deal for WBD, and more.
Paramount Skydance amended its hostile bid to take over Warner Bros. Discovery, guaranteeing the backing of Larry Ellison.
1don MSN
Paramount Responds To WBD Concerns About Hostile Bid, Offering New Larry Ellison Financing Guarantee
Paramount has amended its hostile bid for Warner Bros. Discovery, adding an "irrevocable personal guarantee" from Larry Ellison.
Larry Ellison’s intervention comes as competition heats up between Paramount and streaming giant Netflix to take over WBD.
Trust Assets: Paramount is publishing records confirming that the Ellison family trust owns approximately 1.16 billion shares of Oracle common stock and that all material liabilities of the Ellison family trust are publicly disclosed.
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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.
Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders against embracing Netflix's pending offer.