Key Highlights
- Research Alex Fitch, told Reuters after the new Paramount proposal was revealed.
- Oakmark, identified by Reuters as Warner Bros’ fifth largest shareholder, owning 96 million shares or about 4% of shares as of the end of September, indicated that the David Ellison-led and Larry Ellison-backed Paramount will need to step up further to have a chance of snatching WBD away from bidding war winner Netflix.
- Related Stories News '60 Minutes' Segment Pulled By CBS News Chief Bari Weiss Surfaces Online News Hollywood's Big New Labor Deal: Studios To Offer Guilds' Health Plans $100M Lifeline In Exchange For Longer Multi-Year Contracts In 2026 “We see the two deals as a toss-up, and there is a cost to changing paths,” he said.
- “If Paramount is serious about winning, they’re going to need to provide a greater incentive.” Watch on Deadline Warner Bros.
- Discovery on Monday advised its shareholders “not to take any action at this time with respect to the amended Paramount Skydance tender offer,” which now includes a $40.4 billion personal equity financing guarantee by Larry Ellison (the Oracle co-founder and father of Paramount CEO David Ellison); an enhanced $5.8 billion breakup fee; and increased financial flexibility during an interim period.
