6 years of entertainment news experience with a BA in Film Studies.
Paramount isn't taking the rejection well, as they have upped the ante in a new proposal to acquire Warner Bros., as their previous hostile bid was rejected in favor of Netflix's deal. Oracle founder Larry Ellison, the father of Paramount CEO David Ellison, has assured that he will guarantee all $40.
4 billion of the equity to finance the $78 billion deal. The Warner Bros. board of directors has rejected Paramount's bid multiple times, as they've stated Netflix's offer is far more valuable. Larry Ellison has also agreed not to revoke his family trust, and Paramount is publishing records that confirm the trust owns 1.16 billion Oracle shares. Paramount has also increased its breakup fee to $5.8 billion from $5 billion to match Netflix's payment to Warner Bros. Discovery shareholders. Subscribe to our newsletter for media-merger insights Get smarter on media deal dynamics—subscribe to the newsletter for clear, in-depth analysis of Paramount’s raised bid, Ellison’s $40.4 billion equity pledge, and what these moves reveal about studio consolidation and takeover tactics. Subscribe Subscribe to our newsletter for media-merger insights Get smarter on media deal dynamics—subscribe to the newsletter for clear, in-depth analysis of Paramount’s raised bid, Ellison’s $40.4 billion equity pledge, and what these moves reveal about studio consolidation and takeover tactics. Subscribe By subscribing, you agree to receive newsletter and marketing emails, and accept Valnet’s Terms of Use and Privacy Policy. You can unsubscribe anytime. More news to come...
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