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paramount

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Articles tagged with paramount

KVIA•Dec 22

Paramount Strengthens Bid for Warner Bros. with Larry Ellison's $40 Billion Guarantee

Paramount has intensified its acquisition bid for Warner Bros. Discovery, announcing that tech mogul Larry Ellison will personally guarantee $40.4 billion to finance the deal. Despite multiple rejections from Warner Bros.' board, which favors a Netflix offer, Paramount aims to address concerns over its financing by allowing shareholders to review Ellison's family trust finances. The offer includes a penalty increase for breaking the agreement from $5 billion to $5.8 billion, aligning with Netflix's proposal. While Paramount's offer is higher at $30 per share compared to Netflix's $27.75, Warner Bros. argues that their restructuring plans could enhance the overall value of their assets. The board's response to this revised offer remains uncertain, but shareholder input could sway the decision.

Business entertainment finance
1 min read
KVIA•Dec 22

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

Paramount has intensified its hostile takeover attempt of Warner Bros. Discovery by securing a personal guarantee from Larry Ellison for $40.4 billion to finance the deal. This comes after the Warner Bros. board rejected Paramount's previous offers, favoring a more lucrative proposal from Netflix. The revised offer includes a higher breakup fee of $5.8 billion and aims to address concerns raised by Warner Bros. regarding Paramount's financial stability. Despite these changes, it remains uncertain whether Warner Bros. will reconsider, as shareholders could still influence the outcome. The deal is significantly backed by royal families from the Middle East, raising questions about the necessity of such support for Ellison, one of the wealthiest individuals globally.

Business mergers paramount
1 min read