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Larry Ellison Backs Paramount's $40 Billion Bid for Warner Bros. Discovery

KVIA•Monday, December 22, 2025 at 1:51 PM•CNN Newsource

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Paramount has intensified its hostile takeover attempt for Warner Bros. Discovery by announcing that tech mogul Larry Ellison will personally guarantee $40.4 billion for the deal. Despite previous rejections from Warner Bros.' board, which favors a Netflix offer, Paramount is now increasing its breakup fee to $5.8 billion to match Netflix's proposal. Paramount's bid values Warner Bros. shares at $30 each, surpassing Netflix's $27.75 offer, but the board remains skeptical of the financing's legitimacy. Shareholders have the power to influence the outcome, particularly as Paramount's offer is backed by significant royal family investments from the Middle East. The Warner Bros. board is expected to respond to this revised offer soon.

Key Details: • Larry Ellison guarantees $40.4 billion for Paramount's bid. • Paramount raises breakup fee to $5.8 billion. • Paramount's offer values Warner Bros. shares at $30 each. • Shareholders can influence the decision against the board's recommendation. • Warner Bros. board to respond to Paramount's revised offer shortly.

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ParamountDavid EllisonLarry EllisonWarner Bros. DiscoveryNetflix

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