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0.000249653259362031 0 -3.46740638001966E-06 0.00104022191400836 0.000346740638002828 -0.00346740638002767 -0.00710818307905681 -0.00693481276005545
Stock impact report

Larry Ellison Makes ‘Irrevocable Personal Guarantee' of $40.4 Billion Towards Paramount's WBD Bid [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
billion bid for Warner Bros Discovery and any damages claims against Paramount. Ellison has also agreed not to revoke the family trust or “adversely transfer” its assets while a transaction is pending. Additionally, Paramount will publish 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 secure regulatory approval and offered improved flexibility for WBD on “debt refinancing transactions, representations and interim operating covenants.” The amended offer is condition among other things, on WBD continuing to own 100% of its global networks business. All other terms and conditions of the offer remain unchanged. “Paramount has repeatedly demonstrated its commitment to acquiring WBD. Our $30 per share, fully financed all-cash offer was on December 4th , and continues to be, the su Show less Read more
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