Warner Bros Chairman Defends Netflix Deal As Superior Over Paramount's Offer Despite Larry Ellison's Guarantee: 'He Didn't Raise The Price' - Warner Bros. Discovery (NASDAQ:WBD)

Mass media conglomerate Warner Bros Discovery Inc.’s (NASDAQ:WBD) Chairman Samuel DiPiazza reaffirmed the company's commitment to its merger agreement with Netflix Inc. (NASDAQ:NFLX) , brushing aside recent efforts by Paramount Skydance Corp. (NASDAQ:PSKY) , despite Larry Ellison's personal guarantee backing the rival bid.Netflix Offers ‘Compelling Value,’ Shareholder ProtectionsDiPiazza said that the Warner Bros management was sticking with Netflix because they have a “signed merger agreement” with the str ...