Source: United States & Canada – South China Morning PostOracle tech tycoon Larry Ellison is offering a US$40.4 billion personal guarantee to back Paramount’s hostile bid for Warner Bros Discovery, deepening a bidding war with Netflix, a statement said on Monday.
The amended proposal, worth a total US$108 billion from the company run by Ellison’s son David, addresses concerns raised by Warner Bros’ board, which saw the Paramount bid as too risky and asked shareholders to accept a competing buyout offer from Netflix.
Netflix shocked the industry on…Read More