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Paramount stands by bid for Warner Bros. Discovery

Paramount remains committed to its $30-per-share bid for Warner Bros. Discovery, despite the latter's board unanimously rejecting the offer. The bid includes a personal guarantee from billionaire Larry Ellison for the financing package, as Paramount seeks to appeal directly to shareholders.

Paramount stands by bid for Warner Bros. Discovery

Credit: Yahoo

Key Highlights

  • Paramount is offering $30 per share for Warner Bros. Discovery.
  • Warner Bros. Discovery's board unanimously rejected the revised bid.
  • Larry Ellison has personally guaranteed the equity portion of the financing package.
  • Paramount is appealing directly to shareholders for support.
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Sources

  1. Paramount stands by bid for Warner Bros. Discovery
  2. Paramount stands by bid for Warner Bros. Discovery

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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