Warner Bros. Discovery Concerned About Ellison Family's Financing of Takeover Bid, Chairman Says -- Market Talk
Dow Jones12-17 23:55
1055 ET - Larry Ellison's proposal to backstop Paramount's hostile bid to acquire Warner Bros. Discovery with the Ellison family trust doesn't settle Warner Bros. Discovery's concerns about shaky financing, Chairman Samuel Di Piazza says in an interview on CNBC. "Frankly, that wasn't as good as an investment grade company that purported strong value, great response to our concerns of what it took to operate," Di Piazza says. "I have enormous respect, as does the Board, for the Ellison family and for the Paramount company. They just didn't measure up on these bids." (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
December 17, 2025 10:55 ET (15:55 GMT)
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