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-4.17737118031886E-05 0.00048039768573636 0.000306340553223218 0.000828511950762643 -0.00178234503693497 0.000828511950762643 0.000306340553223218 0.000306340553223218
Stock impact report

US tech billionaire Ellison boosts Warner bid with $40.4bn guarantee [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The co-founder of software company Oracle provided a personal guarantee for a $40.4 billion portion of the more than $100 billion bid on Monday. Warner Bros. Discovery had rejected the offer, citing, among other things, that the guarantee provided by the Ellison family was not strong enough. Warner decided instead to accept Netflix's offer for the studio and streaming business. The Ellisons are now taking their offer directly to Warner's shareholders. Just a few months ago, the family acquired Warner's competitor Paramount, through which the Warner bid is being made. Larry Ellison's son, David Ellison, is Paramount's chief executive. They aim to take over Warner Bros. Discovery completely, including its TV channels such as CNN. Larry Ellison ranks fifth on Bloomberg's list of billionaires, with an estimated fortune of $246 billion. Paramount's bid totals $108.4 billion. A large part of this is to be financed with loans. Netflix is offering just under $83 billion for the s Show less Read more
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