00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Paramount Skydance said Monday that billionaire Larry Ellison has agreed to personally guarantee
00:08$40.4 billion of equity financing, tied to its amended offer for Warner Brothers Discovery,
00:14according to CNBC. Paramount added that Ellison agreed not to revoke the Ellison Family Trust
00:20or transfer its assets during a pending transaction. Paramount Skydance is offering
00:25$30 per share in cash for Warner Brothers in a hostile bid that rivals Netflix's deal,
00:32holding its price steady while raising its proposed reverse breakup fee to match Netflix's offer.
00:38Earlier this month, Warner Brothers agreed to sell its studio and streaming assets to Netflix
00:42in a deal valued at roughly $83 billion. Paramount said its offer values the full company at $108.4
00:50billion. For all things money, visit Benzinga.com.
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