Paramount strengthens offer to try to buy Warner Bros. Discovery
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Paramount strengthens offer to try to buy Warner Bros. Discovery
Paramount and its controlling shareholders, the billionaire Ellison family, said the company was building out its bid for Warner Bros. Discovery. This comes as the company has already made a deal with Netflix, making the Paramount bid a hostile one. For more context and news coverage of the most important stories of our day, click here: https ...
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Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Oracle founder Larry Ellison will personally guarantee over $40 billion. The announcement comes after the Warner Bros. board of directors has rejected Paramount’s bid multiple times, opting instead to go with an offer from Netflix, which WBD, the parent company of CNN, says is more valuable. CNN's David Goldman reports. #cnn #news #hbo #netflix #paramount #larryellison
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Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Oracle founder Larry Ellison will personally guarantee over $40 billion. The announcement comes after the Warner Bros. board of directors has rejected Paramount’s bid multiple times, opting instead to go with an offer from Netflix, which WBD, the parent company of CNN, says is more valuable. CNN's David Goldman reports. #cnn #news #hbo #netflix #paramount #larryellison
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