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0 -0.000147058823529461 0 -0.000367647058823587 -0.000242647058823617 -0.00477941176470598 -0.00551470588235302 -0.00882352941176478
Stock impact report

Larry Ellison Steps Up His Bid to Help Paramount Pull Warner Bros. From Netflix [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Stocks of all three companies involved in the battle for Hollywood dominance—the other being Netflix—moved Monday on the latest developments. Paramount wants Warner Bros. Warner Bros. wants Netflix. A tech billionaire hopes his personal guarantee can tip the scales in the other direction. Paramount Skydance ( PSKY ) on Monday tweaked its offer for Warner Bros. Discovery ( WBD ), addressing some of the concerns the latter company outlined in a letter to shareholders last week. Warner Bros. rebuffed Paramount CEO David Ellison's attempt to pry the HBO owner away from Netflix ( NFLX ), which has already agreed to acquire it for upwards of $80 billion. The latest development is that Paramount says Larry Ellison, co-founder of Oracle and the world's fifth-richest person, agreed among other things to personally guarantee more than $40 billion of the equity financing for its offer, as well as to not amend a family trust or transfer assets that might otherwise endanger the transaction. Show less Read more
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