The Paramount building in Hollywood. (Robert Gauthier/Los Angeles Times) Billionaire Larry Ellison has stepped up, agreeing to personally guarantee part of Paramount's bid for rival Warner Bros. Discovery. Ellison's personal guarantee of $40.4 billion in equity, disclosed Monday, ups the ante in the acrimonious auction for Warner Bros. movie and TV studios, HBO, CNN and Food Network. Read more: Paramount was poised to buy Warner Bros. Discovery. What went wrong? Ellison, whose son David Ellison is Para ...

Joining us now, Walter Isacson, Pereella Weineberg advisory partner. Uh, Tain University history professor. >> I can't believe I took Tain. I thought they could, you know, they got >> You thought too lane was going to be >> I thought they they were getting like 20 points or something. They was horrible. Um, and Elon Musk, biographer and a CNBC contributor. >> We're going to talk about two lane though. >> Yeah. Yeah. Because you immediately sat down and said, "Don't ask me anything about El Salvador. I don't ...

The um latest here, CBS News is delaying a previously scheduled 60inut segment on the White House's use of the infamous El Salvador Super Prison SECOT. The decision was abruptly announced last night in this short social media post. The final call to shove the report for now reportedly came from newly installed CBS News editor-inchief Barry Weiss.NB NBR reports Weiss refused to let the piece air without an on thereord comment from the administration. 60 Minutes correspondent Sharon Alonsi criticized the deci ...

Our breaking deal story literally just moments ago. Paramount now amending its $30 per share allcash offer for Warner Brothers Discovery in response to WBD's concerns about that bid. The per share offer price not changing, but Paramount says in response to the Warner Brothers filing and comments made by WBD principles and advisers in television appearances, including on squawk, that it's doing a whole bunch of different things uh in six different ways.And we're going to get into all of it. Jerry Cardell is ...

Core Viewpoint - Paramount is amending its $30 per share all-cash offer for Warner Brothers Discovery (WBD) in response to WBD's concerns, while the offer price remains unchanged [1] Group 1: Offer Details - The amended offer includes a personal guarantee from Larry Ellison, enhancing the credibility of the financing for the $41 billion transaction [3][7] - Paramount's offer is presented as straightforward, emphasizing shareholder value and certainty, contrasting with Netflix's more complex offer [4][12] - The offer is all cash, providing a clear regulatory path, while Netflix's offer involves stock and additional complexities [12][19] Group 2: Financial Backing - The Ellison Family Trust, which has $250 billion in assets, is backing the transaction, providing over six times coverage for the $40 billion equity being backstopped [9][10] - The trust has been involved in numerous transactions over the past 40 years, reinforcing its reliability [9] Group 3: Competitive Landscape - Paramount argues that its deal would foster competition in the streaming market, while the Netflix deal would reduce competition by consolidating power [19][26] - The potential merger of Paramount Plus and HBO Max would create a competitive three-horse race in streaming, benefiting the entire value chain [24] Group 4: Shareholder Engagement - Paramount is directly engaging with WBD shareholders, emphasizing that the board does not own the company and that shareholder interests should be prioritized [22][27] - The company stresses the need for a clear discussion on the value of both offers, which has been lacking in the current negotiations [27][28]

Paramount revises its bid for Warner Bros. Discovery, with Oracle founder Larry Ellison personally guaranteeing $40 billion to help finance the dealhttps://t.co/DeibdioGd3 ...

Paramount revises its bid for Warner Bros. Discovery, with Oracle founder Larry Ellison personally guaranteeing $40 billion to help finance the dealhttps://t.co/bo7y4fgIAz ...

Core Viewpoint - Paramount Skydance has revised its hostile bid for Warner Bros. Discovery (WBD) in response to WBD's board supporting Netflix's offer, without increasing the bid price [1][4]. Group 1: Bid Details - Paramount's new offer includes a personal guarantee of $40.4 billion in equity financing from Larry Ellison, a prominent billionaire and father of Paramount CEO David Ellison [2]. - The revised bid addresses WBD's previous objections regarding the reliance on an "unknown and opaque revocable trust" for financing, which WBD deemed insufficient [3]. - Paramount has maintained its bid price at $30 per share for the entire company, contrasting with Netflix's offer of $27.75 per share, which is limited to WBD's studios and streaming business [4]. Group 2: Financial Commitments - Paramount has increased its termination fee to $5.8 billion from $5 billion, matching the fee offered by Netflix if the deal does not proceed [3]. - The commitment from Larry Ellison includes not revoking the long-standing Ellison family trust, enhancing the credibility of the financing [2]. Group 3: Strategic Positioning - David Ellison emphasized that Paramount's offer is the superior option for maximizing value for WBD shareholders, reinforcing the company's commitment to the acquisition [4].

Group 1 - Larry Ellison provides a personal guarantee of $40 billion for the financing of Paramount's $108 billion offer to acquire Warner Bros. Discovery [1]

Core Viewpoint - Larry Ellison has provided a personal guarantee of over $40 billion for Paramount Skydance's attempt to gain control of Warner Bros Discovery (WBD) amid a corporate battle over the entertainment giant [1][2] Group 1: Corporate Actions - WBD has urged its shareholders to reject a $108.4 billion hostile takeover bid from Paramount, which is controlled by the Ellisons [1] - WBD has agreed to sell its movie studios, HBO cable network, and streaming service to Netflix for $82.7 billion [1] - Paramount has claimed that its bid for the entire company, which includes CNN, Cartoon Network, and the Discovery channel, is superior to Netflix's offer [3] Group 2: Financial Commitments - Larry Ellison has agreed to personally backstop $40.4 billion in equity financing for Paramount's proposed deal [2] - Paramount's offer of $30 per share is fully financed and is presented as the superior option for maximizing value for WBD shareholders [4] Group 3: Strategic Positioning - Paramount aims to address WBD's need for financial flexibility and has denied that the Netflix offer is superior [3] - David Ellison stated that Paramount's acquisition would enhance content production, theatrical output, and consumer choice, benefiting all WBD stakeholders [5]