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 billion offer from Netflix, set to close some time next year following regulatory approval. “[The board] has
→ Continue reading at Engadget
