Date: December 22nd, 2025 4:45 PM
Author: nubile provocative hominid
Paramount PSKY 3.56%increase; green up pointing triangle amended its offer for Warner Bros. Discovery WBD 3.44%increase; green up pointing triangle, with billionaire Larry Ellison agreeing to personally guarantee $40.4 billion of equity financing for the deal and publish records related to the family trust that backstops it.
Paramount previously made a hostile all-cash tender offer of $77.9 billion, or $30 a share, for all of Warner, including cable channels such as CNN, TNT and Food Network. The revised offer is at the same price per share.
Warner earlier recommended shareholders reject Paramount’s bid, saying it believed Netflix’s proposal for its studios and HBO Max streaming service was still superior. Netflix’s deal for the studio and streaming assets was $72 billion in cash and stock, or $27.75 per share.
(http://www.autoadmit.com/thread.php?thread_id=5813211&forum_id=2Reputation#49531752)