Paramount is responding strongly to Warner Bros.’ rejection of their previous offer. They’ve submitted a new, improved proposal to buy the company, after Warner Bros. chose to move forward with a deal with Netflix instead.
Larry Ellison, the founder of Oracle and father of Paramount’s CEO David Ellison, has pledged to fully fund the $78 billion deal with $40.4 billion of his own equity. Despite this commitment, Warner Bros.’s board has repeatedly turned down Paramount’s offer, favoring a more lucrative bid from Netflix.
I’m really encouraged by the latest developments! Larry Ellison has promised not to change his family trust, and they’ve publicly confirmed it holds a huge stake – 1.16 billion shares – in Oracle. Plus, Paramount has upped the ante by increasing the fee they’d have to pay if the deal falls through, matching Netflix’s commitment to Warner Bros. Discovery. It’s now $5.8 billion, showing they’re serious about this merger.
More news to come…
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2025-12-22 17:37