Key Highlights
- Warner Bros.’ decision to favor Netflix’s $82.7 billion offer triggered a $108 billion hostile takeover bid from Paramount for the company's entire slate of media assets.
- The Larry Ellison-backed media firm, run by his son David Ellison, has urged Warner shareholders to sell their shares to Paramount.
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- 22, 2025: Larry Ellison, worth more than $240 billion, is backing Paramount's bid with a $40.4 billion personal guarantee.
- The amended offer follows Warner's sharp criticism of Paramount's $30-per-share proposal, which cited financing opacity and execution risk.
