Paramount Skydance Boosts Warner Bros. Discovery Bid With Ellison’s $40.4 Billion Personal Guarantee

Reuters12-22 21:06
Paramount Skydance Boosts Warner Bros. Discovery Bid With Ellison’s $40.4 Billion Personal Guarantee

Paramount Skydance Corporation has amended its $30 per share all-cash offer to acquire Warner Bros. Discovery, Inc., addressing concerns previously raised by WBD regarding the financing of the deal. The revised proposal now includes an irrevocable personal guarantee from Larry Ellison for $40.4 billion of the equity financing, as well as any potential damages claims. Additional changes provide WBD with greater flexibility regarding debt refinancing and interim operations. The Ellison family trust, which owns approximately 1.16 billion shares of Oracle common stock, remains a key source of the equity backstop. Paramount Skydance’s wholly owned subsidiary, Prince Sub Inc., has extended the expiration date of the tender offer to January 21, 2026.

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