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-0.000692281066112827 -0.00103842159916918 -0.0013811007268951 -0.000346140533056352 -0.00363447559709243 -0.00956732433367944 -0.009865005192108 -0.0119418483904465
Stock impact report

Paramount's new, hostile offer to Warner Bros. Discovery: Larry Ellison will personally guarantee $40 billion [CNN]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: CNN
the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust. The Warner Bros. board of directors has rejected Paramount's bid multiple times, opting instead to go with an offer from Netflix , which WBD says is more valuable. The board also said Paramount has misrepresented itself to WBD shareholders, calling into question the legitimacy of the deal's “illusory” proposed financing. To counteract that critique, Paramount said Oracle founder Larry Ellison – the father of Paramount CEO David Ellison – will guarantee all $40.4 billion of the equity he's putting up to finance the $78 billion deal. That's a big guarantee, putting Larry Ellison on the hook for about a sixth of his roughly $250 billion net worth if something falls through. Larry Ellison also agreed not to revoke his family trust, which could have complicated the potential financing of the deal, and Paramount is publishi Show less Read more
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