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Larry Ellison pledges $40 billion personal guarantee for Paramount's Warner Bros. bid [Los Angeles Times (CA)]

Netflix, Inc. (NFLX)  More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Chairman Larry Ellison, as it seeks to beat out a rival bid from Netflix Inc. Ellison, one of the richest people in the world, agreed to provide an irrevocable personal guarantee of $40.4 billion in equity financing for Paramount's proposed $108.4 billion offer for Warner Bros., according to a statement Monday. Ellison, whose son David Ellison is chief executive officer of Paramount, agreed not to revoke the Ellison family trust or adversely transfer its assets while the transaction is pending. Paramount's $30-a-share offer remains unchanged. Paramount confirmed that the Ellison family trust owns about 1.16 billion shares of Oracle common stock and that all material liabilities are publicly disclosed. The company also offered to increase its regulatory reverse termination fee to $5.8 billion fee from $5 billion. “In an effort to address Warner Bros.'s amorphous need for ‘flexibility' in interim operations, Paramount's revised proposed merger agreement offers further improved fle [Read more]
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Stockreport

Larry Ellison pledges $40 billion personal guarantee for Paramount's Warner Bros. bid [Los Angeles Times (CA)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Chairman Larry Ellison, as it seeks to beat out a rival bid from Netflix Inc. Ellison, one of the richest people in the world, agreed to provide an irrevocable personal guarantee of $40.4 billion in equity financing for Paramount's proposed $108.4 billion offer for Warner Bros., according to a statement Monday. Ellison, whose son David Ellison is chief executive officer of Paramount, agreed not to revoke the Ellison family trust or adversely transfer its assets while the transaction is pending. Paramount's $30-a-share offer remains unchanged. Paramount confirmed that the Ellison family trust owns about 1.16 billion shares of Oracle common stock and that all material liabilities are publicly disclosed. The company also offered to increase its regulatory reverse termination fee to $5.8 billion fee from $5 billion. “In an effort to address Warner Bros.'s amorphous need for ‘flexibility' in interim operations, Paramount's revised proposed merger agreement offers further improved fle [Read more]
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LAST PRICE AT
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
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