Paramount has an updated Warner Bros. Discovery bid

2 hours ago 1

Paramount Skydance isn't giving up on obtaining Warner Bros. Discovery just yet. The company has amended its $108 billion offer to include Larry Ellison's "irrevocable personal guarantee" equaling $40.4 billion. Ellison is the founder or Oracle and a backer of Skydance, created by his son David Ellison, Paramount Skydance's CEO.

On December 17, WBD formally recommended shareholders reject Paramount's offer. WBD had already accepted an $82.7 ...

Source: https://www.engadget.com/entertainment/paramount-has-an-updated-warner-bros-discovery-bid-144348321.html?src=rss

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