A PRIEST IN ANAMBRA STATE WEDDED A COUPLE YESTERDAY, DESPITE DISPUTES WITH THE BRIDE’S FATHER. (PHOTOS).
Paramount submits revised bid for Warner Bros. Discovery
Paramount Skydance has revised its bid to acquire Warner Bros. Discovery, adding a personal guarantee from Larry Ellison worth $40.4 billion. Ellison, founder of Oracle and father of Skydance CEO David Ellison, is backing the deal alongside sovereign wealth funds from Saudi Arabia and Qatar. The updated offer addresses Warner Bros. Discovery’s previous concerns that Paramount’s financing lacked sufficient guarantees.
Warner Bros. Discovery had formally advised shareholders to reject Paramount’s original $108 billion offer, having already accepted an $82.7 billion bid from Netflix, pending regulatory approval. Paramount’s revised proposal includes an irrevocable personal guarantee from Ellison, assurances that assets in the Ellison family trust won’t be revoked or transferred during the transaction, more flexible terms, and an increased regulatory reverse termination fee from $5 billion to $5.8 billion to match Netflix’s. David Ellison said the $30-per-share, all-cash offer remains the superior option, promising greater content production, theatrical output, and consumer choice. The updated offer will expire January 21, 2026.
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