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0 0 -7.29927007297569E-06 -0.00218978102189789 -0.00218248175182479 -0.00437956204379566 -0.000474452554744587 -0.000474452554744587
Stock impact report

Warner Bros. Discovery to ‘Carefully Review and Consider' Paramount's Amended $30-Per-Share, All-Cash Bid [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
“The Warner Bros. Discovery Board of Directors, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and consider Paramount Skydance's offer in accordance with the terms of Warner Bros. Discovery's agreement with Netflix, Inc,” the company said in a statement. On Monday, Oracle co-founder Larry Ellison has agreed to provide an “irrevocable personal guarantee” of $40.4 billion of the equity financing for Paramount's $108.4 billion bid for Warner Bros. Discovery and any damages claims against Paramount. Ellison also agreed not to revoke the family trust or “adversely transfer” its assets while a transaction is pending. Additionally, Paramount published records to confirm the that the Ellison family trust owns approximately 1.16 billion shares of Oracle common stock, as well as all of its material liabilities. It also raised its breakup fee from $5 billion to $5.8 billion in the event the deal doesn't sec Show less Read more
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