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-0.00017485574401128 -0.00110508830215076 -0.000349711488022436 0.000699422976044748 0.00157370169610065 0.00384682636824618 0.00559538380835811 0.00559538380835811
Stock impact report

Larry Ellison pledges $40 billion personal guarantee for Paramount's Warner Bros. bid [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
Ellison's personal guarantee of $40.4 billion in equity, disclosed Monday, ups the ante in the acrimonious auction for Warner Bros. movie and TV studios, HBO, CNN and Food Network. Read more: Paramount was poised to buy Warner Bros. Discovery. What went wrong? Ellison, whose son David Ellison is chief executive 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. Warner Bros. Discovery's board this month awarded the prize to Netflix . The board rejected Paramount's $108.4-billion deal, largely over concerns about the perceived shakiness of Paramount's financing. Paramount shifted gears and launched a hostile takeover, appealing directly to Warner shareholders, offering them $30 a share. "We amended this Offer to address Warner Bros. stated concerns regarding the Prior Proposal and the December 8 Offer," Paramount said in a Monday Securities & Exchange C Show less Read more
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