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0 -0.000522011484252673 5.56812249869436E-05 0.000696015312336856 -0.00191404210892651 0.000348007656168366 0.000348007656168366 0
Stock impact report

Larry Ellison Backs Paramount's Warner Bros Bid With $40.4 Billion Personal Guarantee [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
help Paramount win the battle for Warner Bros Discovery ( WBD Financials ). In a new filing, Ellison pledged a personal $40.4 billion guarantee to strengthen Paramount's all cash, $30 per share offer. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is ORCL fairly valued? Test your thesis with our free DCF calculator. Warner Bros.' board turned down Paramount's initial offer because they were worried about how to pay for it. Ellison's support makes the transaction seem more real, and it puts more pressure on Netflix ( NFLX Financials ), which is also trying to get the studio behemoth. Paramount Skydance Corp. ( PSKY Financials )made the offer better by raising the termination fee to $5.8 billion and giving bidders until January 2026 to submit their bids. After the announcement, Warner Bros. shares went up 2.5%, while Paramount Skydance shares went up 1.6%. The high stakes bidding battle shows how important rich content libraries have become in the streaming game. E Show less Read more
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