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0.000367107195300955 -0.00073421439060204 0.000484581497797271 0.00183553597650517 -0.00146842878120408 -0.00106461086637298 -0.00477239353891333 -0.0080763582966227
Stock impact report

Billionaire Larry Ellison comes to his son's rescue, agreeing to personally guarantee over $40 billion to finance Paramount's bid for Warner Bros. [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery . On Monday, David's company, Paramount Skydance, announced the elder Ellison had provided an “irrevocable personal guarantee” of $40.4 billion to finance the deal, directly countering claims that the company's funding was unreliable.? It's the latest turn in the high-profile tug-of-war for Warner Bros. Discovery, one of the entertainment industry's crown jewels. David Ellison , who became CEO of the newly merged Paramount Skydance in August, has been aggressively pursuing Warner Bros. with a $108 billion all-cash offer, which comes out to about $30 per share. However, WBD's board rejected that proposal in favor of a rival agreement to sell its studio and streaming assets to Netflix for roughly $83 billion.? The board's rejection hinged largely on skepticism regarding the Ellison family's financing. Last week, WBD directors dismissed Paramount's funding as “illusory,” citing concerns that the capital was tied to a “revocable family trust” that could be altered or withdra Show less Read more
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