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-0.000722411592251319 0.000329644124619486 0.000680329363576338 0.00103101460253331 0.00278444079731795 0.00453786699210258 0.00488855223105943 0.0073433489037579
Stock impact report

Paramount beefs up its bid for Warner Bros. Discovery with new Larry Ellison guarantee [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The amended bid seeks to address a number of specific concerns that Warner Bros. Discovery's board said it had with Paramount's proposed $108 billion deal. Warner is already moving ahead with a deal to sell its television, movie and streaming assets to Netflix, making the Paramount bid a hostile one. Paramount says it would still pay shareholders $30 per share in cash, but Oracle chairman and billionaire Larry Ellison is getting more personally involved in backing the offer. "Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount," Paramount said in a news release. "Mr. Ellison has agreed not to revoke the Ellison family trust (which has been operating for nearly 40 years as a counterparty to numerous transactions) or adversely transfer its assets during the pendency of the transaction," Paramount also said. Larry Ellison's personal fortune is currently worth more Show less Read more
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