Larry Ellison Pledges $40 Billion to Back Paramount's Warner Bros. Bid
TL;DR Summary
Larry Ellison is personally guaranteeing $40.4 billion in equity financing to support Paramount's bid for Warner Bros., aiming to strengthen its position in a competitive takeover battle with Netflix, which has also increased its financing efforts. The move could influence Warner Bros.'s decision amid ongoing negotiations and concerns over debt levels and trust backing.
- Larry Ellison to Personally Back Paramount Bid for Warner Bros. Bloomberg.com
- Paramount’s new, hostile offer to Warner Bros. Discovery: Larry Ellison will personally guarantee $40 billion CNN
- Why Warner Bros. Discovery shareholders might opt for Paramount's offer — and why they might not CNBC
- Will the Warner Deal Finally Spell the End of the Movie Theater? The Wall Street Journal
- Oracle's Larry Ellison agrees to backstop $40.4 billion in financing for Paramount acquisition of Warner Bros. Yahoo Finance
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