Oracle co-founder has agreed to backstop Paramount’s $108bn hostile bid personally

The saga of Oracle’s PeopleSoft takeover might show what is needed to win Warner Bros Discovery

Paramount has sent a revised offer to buy Warner Bros. with heavy involvement from Larry Ellison, Oracle founder and father of Paramount CEO David Ellison.

WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal

Oracle co-founder has agreed to backstop Paramount’s $108bn hostile bid personally

El fundador de Oracle mejora las condiciones de financiación de la oferta, pero mantiene el precio en 30 dólares por título

Paramount, whose CEO is David Ellison, son of Larry Ellison, an ally of Donald Trump, launched a hostile bid for Warner Bros after Netflix said it had sealed an agreement to buy…

Warner Bros. is in the middle of a tug-of-war between Netflix and David Ellison’s company, Paramount Skydance.

“Paramount has repeatedly demonstrated its commitment to acquiring WBD," Paramount CEO David Ellison said in a statement.

Il co-fondatore di Oracle ha fornito una garanzia personale irrevocabile per finanziare l'offerta da 108 miliardi di Paramount